Housing costs in Bingham Lake?
A typical home costs
$200,900, which is 40.6% less expensive than the national average of
$338,100 and 35.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bingham Lake costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$1,240.
Can I afford Bingham Lake?
To live comfortably in Bingham Lake, Minnesota, a minimum annual income of
$38,520 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Bingham Lake?
The cost of living in Bingham Lake, MN is quite affordable. Housing costs are especially low, with median home prices below both the state and national averages, making it a great place for families looking to buy their first home. Utility bills tend to be on the lower end as well, and food costs also remain relatively inexpensive. Overall, life in Bingham Lake is fairly cost-effective and can be a great place to live for those looking to save money.