Housing costs in Gennessee?
A typical home costs
$286,400, which is 15.3% less expensive than the national average of
$338,100 and 7.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Gennessee costs
$870 per month, which is 39.2% more than the national average of
$1,430 and 42.5% more than the state average of
$1,240.
Can I afford Gennessee?
To live comfortably in Gennessee, Minnesota, a minimum annual income of
$54,720 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Gennessee?
The cost of living in Gennessee, MN is relatively low compared to other regions in the United States. According to recent estimates, the average cost of living in Gennessee is approximately 85 percent of the national average. Housing costs are particularly low, with the median home price being 30 percent below the national average. Other than housing, the costs for food and utilities are also lower than other areas. Additionally, there are few taxes imposed on residents of Gennessee, making it an attractive option for those looking for a quality place to live without breaking the bank.