Lake Henry township, MN Cost of Living


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Lake Henry township cost of living score
89.9
Less expensive
10.1% lower
than the US average
7.5% lower
than the Minnesota average
Lake Henry township, Minnesota gets a BestPlaces Cost of Living score of 89.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.1% lower than the U.S. average and 7.5% higher than the average for Minnesota.

Lake Henry township, MN

Housing costs in Lake Henry township?
A typical home costs $420,900, which is 24.5% more expensive than the national average of $338,100 and 36.0% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Lake Henry township costs $910 per month, which is 36.4% more than the national average of $1,430 and 36.3% more than the state average of $1,240.

Can I afford Lake Henry township?
To live comfortably in Lake Henry township, Minnesota, a minimum annual income of $80,640 for a family, and $29,200 for a single person is recommended.

What does A.I. say about Lake Henry township?
The cost of living in Lake Henry Township, MN is quite affordable. The median home price is around $145,000 which makes it an attractive option for those looking to purchase a home in the area. In addition, the township boasts relatively low taxes and utility costs, making it easier to make ends meet. Groceries are also inexpensive on average with a basic grocery basket costing around $50 per week for a family of four. Overall, Lake Henry Township provides an affordable yet comfortable lifestyle to its residents.
   Cost of living score
     CategoriesLake Henry townshipMinnesotaUnited States
  89.997.2100.0
  96.197.2100
  75.578.3100.0
  87.7102.9100.0
  $420,900$309,500$338,100
  96.0%95.7%100.0%
  86.196.4100.0
  112.1117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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