Housing costs in Faxon?
A typical home costs
$429,300, which is 27.0% more expensive than the national average of
$338,100 and 38.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Faxon costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Faxon?
To live comfortably in Faxon, Minnesota, a minimum annual income of
$82,080 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Faxon?
The cost of living in Faxon, MN is relatively affordable. The median household income in Faxon is $63,572, which is lower than the national average of $61,937. Housing costs are also below the national average with an estimated median home cost of around $157,915. Property taxes are slightly higher than the national average, but still very manageable. Other expenses such as groceries and utilities tend to be slightly more expensive than other parts of the country due to its more rural location.