Housing costs in North Branch?
A typical home costs
$323,200, which is 4.4% less expensive than the national average of
$338,100 and 4.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in North Branch costs
$1,180 per month, which is 4.8% cheaper than the national average of
$1,240 and 18.6% cheaper than the state average of
$1,400.
Can I afford North Branch?
To live comfortably in North Branch (zip 55056), Minnesota, a minimum annual income of
$61,920 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about North Branch?
The cost of living in 55056 North Branch, MN is relatively inexpensive compared to other cities in the state. The overall cost index for goods and services is just below the national average and far lower than that of nearby Minneapolis. Housing costs are especially low, with the median home price sitting at around $242,000 which is significantly lower than the state and national averages. Additionally, utilities costs are some of the lowest in the state due to its rural location. All things considered, living in 55056 North Branch, MN is quite affordable for those looking to live a slower-paced lifestyle while still having access to all necessary amenities.