Housing costs in Waite Park?
A typical home costs
$209,100, which is 38.2% less expensive than the national average of
$338,100 and 32.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Waite Park costs
$1,010 per month, which is 18.5% cheaper than the national average of
$1,240 and 4.0% more than the state average of
$970.
Can I afford Waite Park?
To live comfortably in Waite Park (zip 56387), Minnesota, a minimum annual income of
$39,960 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Waite Park?
The cost of living in 56387 Waite Park, MN is quite affordable compared to some other cities and states. The median home value is around $203,400, which is significantly lower than the national average of $231,200. Additionally, the cost of renting a two-bedroom apartment in the area runs an average of $1,004 per month. Grocery costs are slightly higher than the state and national averages but are still quite reasonable. Transportation expenses for commuters who drive their own vehicle are also quite low due to the convenient access to highways and interstates nearby. All in all, Waite Park provides an excellent quality of life at an affordable cost.