Housing costs in Boy Lake?
A typical home costs
$283,500, which is 16.1% less expensive than the national average of
$338,100 and 8.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Boy Lake costs
$880 per month, which is 38.5% more than the national average of
$1,430 and 40.9% more than the state average of
$1,240.
Can I afford Boy Lake?
To live comfortably in Boy Lake, Minnesota, a minimum annual income of
$54,360 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Boy Lake?
Boy Lake, MN is an affordable place to live. The cost of living is much lower than other cities in Minnesota with average home prices at around $200,000 and rental costs around $800 per month. The area also offers a variety of job opportunities and a relatively low unemployment rate. The tax rates are also favorable for both individuals and businesses compared to other areas of the state. Overall, Boy Lake, MN is an ideal place to enjoy a high quality of life while still being able to keep costs low.