Housing costs in Elgin township?
A typical home costs
$417,300, which is 23.4% more expensive than the national average of
$338,100 and 34.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Elgin township costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 22.8% cheaper than the state average of
$1,240.
Can I afford Elgin township?
To live comfortably in Elgin township, Minnesota, a minimum annual income of
$79,920 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Elgin township?
The cost of living in Elgin Township, MN is generally quite affordable. The median home price is around $170,000 and the median rent is around $800 per month. The overall cost of living index for Elgin Township is just below the national average, making it an attractive place to live for those looking for an affordable lifestyle. Utilities are also relatively inexpensive compared to many other places in Minnesota, and residents benefit from a wide range of shopping and dining options nearby.