Housing costs in Chisago Lake?
A typical home costs
$493,900, which is 46.1% more expensive than the national average of
$338,100 and 59.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Chisago Lake costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Chisago Lake?
To live comfortably in Chisago Lake, Minnesota, a minimum annual income of
$94,680 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Chisago Lake?
The cost of living in Chisago Lake, MN is relatively affordable compared to other parts of the state. The average home price in the area is around $205,000, which is slightly lower than the US median of $228,700. Additionally, grocery prices are 4% below the national average and healthcare is 11% lower than the US average. The overall cost of living index for Chisago Lake is 89.1, which is significantly lower than many other metropolitan areas in Minnesota. Consequently, residents have more money left over to enjoy the many outdoor recreational activities and amenities available in Chisago Lake without breaking their budget.