Housing costs in Fergus Falls?
A typical home costs
$171,300, which is 49.3% less expensive than the national average of
$338,100 and 44.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Fergus Falls costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Fergus Falls?
To live comfortably in Fergus Falls, Minnesota, a minimum annual income of
$32,760 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Fergus Falls?
Fergus Falls, MN is well known for its affordability and low cost of living. According to Sperling’s Best Places, the cost of living index for Fergus Falls is 75.7%, which is significantly lower than the U.S. national average of 100%. This means that things like housing costs, groceries, utilities, health care, transportation, and other goods and services are generally more affordable in Fergus Falls than in most other areas of the country. In addition, there are many budget-friendly restaurants and entertainment options available to residents. All this makes Fergus Falls a great place for people who want to enjoy a comfortable lifestyle while saving money on expenses.