Housing costs in Elmore?
A typical home costs
$57,100, which is 83.1% less expensive than the national average of
$338,100 and 81.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Elmore costs
$650 per month, which is 54.5% cheaper than the national average of
$1,430 and 90.8% cheaper than the state average of
$1,240.
Can I afford Elmore?
To live comfortably in Elmore, Minnesota, a minimum annual income of
$10,800 for a family, and
$20,800 for a single person is recommended.
What does A.I. say about Elmore?
Elmore, MN has an affordable cost of living. According to BestPlaces's Cost of Living Index, the overall cost of living in Elmore is lower than average for the US overall. Groceries, transportation, and healthcare all have costs that are on par with the national average. Rent is lower than the national average as well, making it a great option for those looking for a more affordable place to live. Additionally, utilities are slightly higher than the national average but still remain relatively affordable. With so many cost-saving benefits to living in Elmore, MN, it's no wonder why so many people choose it as their home!