Housing costs in Lake Edward?
A typical home costs
$428,800, which is 26.8% more expensive than the national average of
$338,100 and 38.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lake Edward costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 22.8% cheaper than the state average of
$1,240.
Can I afford Lake Edward?
To live comfortably in Lake Edward, Minnesota, a minimum annual income of
$82,080 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Lake Edward?
Lake Edward, MN has a relatively low cost of living compared to other parts of the state and country. The median home value is $117,000, which is far below the national average. The median household income is around $50,000 per year, and the average cost of goods and services in the area is 10% lower than the national average. Property taxes are also relatively low in Lake Edward, making it an attractive option for people looking to live in an affordable area with plenty of outdoor recreation opportunities. Overall, Lake Edward offers a great quality of life at a price that many families find very appealing.