Housing costs in Ivanhoe?
A typical home costs
$113,000, which is 66.6% less expensive than the national average of
$338,100 and 63.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ivanhoe costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 65.3% cheaper than the state average of
$1,240.
Can I afford Ivanhoe?
To live comfortably in Ivanhoe, Minnesota, a minimum annual income of
$21,600 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Ivanhoe?
The cost of living in Ivanhoe, MN is quite reasonable. The median home value is approximately $45,000 and the median rent is around $720 per month. It also has a low unemployment rate, with the latest estimate being just over 3%. This makes it easier to find employment in the area and keep up with the cost of living. Additionally, groceries, utilities and other everyday expenses are all very affordable. All in all, Ivanhoe is a great place to live if you are looking for an affordable lifestyle.