Housing costs in Cedar Lake?
A typical home costs
$588,800, which is 74.1% more expensive than the national average of
$338,100 and 90.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cedar Lake costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 15.6% more than the state average of
$1,240.
Can I afford Cedar Lake?
To live comfortably in Cedar Lake, Minnesota, a minimum annual income of
$112,680 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Cedar Lake?
Cedar Lake, MN is a great place to live with a relatively low cost of living. The cost of housing is well below the national average, and utilities are also very affordable. Groceries and other necessities are also quite reasonable compared to other parts of the country. In addition, there are plenty of recreational activities available in Cedar Lake for residents to enjoy without breaking the bank. All in all, this small town offers its residents a great quality of life at an affordable price.