Housing costs in Lake Henry?
A typical home costs
$139,200, which is 58.8% less expensive than the national average of
$338,100 and 55.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lake Henry costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 36.3% cheaper than the state average of
$1,240.
Can I afford Lake Henry?
To live comfortably in Lake Henry, Minnesota, a minimum annual income of
$26,640 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Lake Henry?
The cost of living in Lake Henry, MN is relatively affordable. The median home value is $126,000, and the median rent is $694 per month. The overall cost of living index is 79, which is slightly below the national average. Prices for groceries and transportation are also lower than the national average. This makes Lake Henry a great place to live for those who want to save money without sacrificing quality amenities.