Housing costs in Biwabik?
A typical home costs
$97,100, which is 71.3% less expensive than the national average of
$338,100 and 68.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Biwabik costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford Biwabik?
To live comfortably in Biwabik, Minnesota, a minimum annual income of
$18,720 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Biwabik?
The cost of living in Biwabik, MN is notably lower than the national average. The median home value is $131,000, which is significantly lower than the US median home value of $231,200. Additionally, the cost of groceries and other basic necessities remains relatively low compared to other parts of the country. This makes Biwabik an attractive option for those looking for an affordable place to live while still having access to resources and amenities. Furthermore, residents benefit from low taxes which adds even more savings to their pockets.