Housing costs in Forada?
A typical home costs
$225,000, which is 33.5% less expensive than the national average of
$338,100 and 27.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Forada costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 42.5% cheaper than the state average of
$1,240.
Can I afford Forada?
To live comfortably in Forada, Minnesota, a minimum annual income of
$43,200 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Forada?
The cost of living in Forada, MN is quite reasonable compared to the rest of the United States. The median home value is $183,400 which is slightly above the national median of $184,700. Housing costs are moderate, with a median rent of $1,269 per month and utilities such as electricity costing around 11% less than the national average. Transportation costs are also relatively low with the average cost of gas being 9% lower than the national average. Additionally, food costs are below average compared to other parts of the US. All things considered, Forada offers a great quality of life at an affordable price for its residents.