Housing costs in Cedar Mills?
A typical home costs
$80,200, which is 76.3% less expensive than the national average of
$338,100 and 74.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cedar Mills costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,240.
Can I afford Cedar Mills?
To live comfortably in Cedar Mills, Minnesota, a minimum annual income of
$15,480 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Cedar Mills?
The cost of living in Cedar Mills, MN is relatively low compared to the national average. The median home price is around $139,000, and the median rent is roughly $925 per month. The unemployment rate is also lower than the national average at just 4%. Groceries are also quite affordable at just above the national average. Utility costs such as electricity and gas are on par with other cities across the country. Overall, Cedar Mills offers a great balance between affordability and quality of life.