Housing costs in Grafton?
A typical home costs
$244,100, which is 27.8% less expensive than the national average of
$338,100 and 21.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Grafton costs
$860 per month, which is 39.9% more than the national average of
$1,430 and 44.2% more than the state average of
$1,240.
Can I afford Grafton?
To live comfortably in Grafton, Minnesota, a minimum annual income of
$46,800 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Grafton?
The cost of living in Grafton, MN is quite reasonable compared to many other cities. The overall cost of living index is 8% lower than the national average, making it one of the most affordable places to live in Minnesota. Housing costs are 8% below the US average, and transportation, healthcare and goods and services are all within 10% of the national average. All in all, Grafton offers a great quality of life at an affordable price point for those looking for a safe and secure place to live.