Housing costs in Grand Lake?
A typical home costs
$388,300, which is 14.8% more expensive than the national average of
$338,100 and 25.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Grand Lake costs
$1,460 per month, which is 2.1% more than the national average of
$1,430 and 15.1% more than the state average of
$1,240.
Can I afford Grand Lake?
To live comfortably in Grand Lake, Minnesota, a minimum annual income of
$74,520 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Grand Lake?
Living in Grand Lake, MN can be quite affordable. The median home value is around $151,400, with the median household income being around $80,500. Property taxes tend to hover around 1% and utilities like electricity and water are relatively inexpensive. There isn’t much of a sales tax in Grand Lake so food and other goods sold at retail outlets will generally be cheaper than those found in other parts of the country. Gasoline is also very affordable compared to other areas. All in all, living in Grand Lake is an affordable option for individuals or families who want a small-town feel without breaking the bank.