Housing costs in Lakewood?
A typical home costs
$442,600, which is 30.9% more expensive than the national average of
$338,100 and 43.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lakewood costs
$1,430 per month, which is 0.0% cheaper than the national average of
$1,430 and 13.3% more than the state average of
$1,240.
Can I afford Lakewood?
To live comfortably in Lakewood, Minnesota, a minimum annual income of
$84,960 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Lakewood?
The cost of living in Lakewood, MN is quite affordable. The median home price here is approximately $320,000 while the median rent stands at around $1,400. Groceries and health care costs are slightly above the national average, though taxes are relatively low. With its diverse range of amenities and attractions, Lakewood remains an attractive option for those looking for a place to call home without breaking the bank.