Housing costs in Cormant?
A typical home costs
$243,300, which is 28.0% less expensive than the national average of
$338,100 and 21.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cormant costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 17.0% cheaper than the state average of
$1,240.
Can I afford Cormant?
To live comfortably in Cormant, Minnesota, a minimum annual income of
$46,440 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Cormant?
The cost of living in Cormant, MN is relatively low. The median home value is around $180,000, and the median household income in 2019 was just under $70,000. Rent for a one-bedroom apartment averages around $700 per month. Groceries are reasonably priced with a variety of stores from which to choose, and dining out is also affordable. Taxes are also quite low compared to other cities in Minnesota. All in all, Cormant offers a great quality of life at an affordable price.