Housing costs in Franconia?
A typical home costs
$499,300, which is 47.7% more expensive than the national average of
$338,100 and 61.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Franconia costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Franconia?
To live comfortably in Franconia, Minnesota, a minimum annual income of
$95,760 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Franconia?
The cost of living in Franconia, MN is relatively low compared to the national average. The median home price is around $150,000 which is far below the national median of just over $200,000. Renting in Franconia is equally affordable with a median rent of $850 per month. Food costs are also reasonable with an average monthly grocery bill hovering around $200. This makes Franconia a great option for those looking for a budget-friendly place to live.