Housing costs in Leech Lake?
A typical home costs
$240,800, which is 28.8% less expensive than the national average of
$338,100 and 22.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Leech Lake costs
$820 per month, which is 42.7% more than the national average of
$1,430 and 51.2% more than the state average of
$1,240.
Can I afford Leech Lake?
To live comfortably in Leech Lake, Minnesota, a minimum annual income of
$46,080 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Leech Lake?
The cost of living in Leech Lake, MN is fairly low compared to the national average. According to BestPlaces, the cost of living index in Leech Lake is 87.57, which is 13.43% lower than the U.S. average which is 100. Housing costs are especially low with an average rent for a one bedroom apartment being around $700 per month and utilities typically ranging from $100-$200 monthly depending on usage. Groceries and other necessities are also reasonably priced due to the presence of several local markets in town. Overall, Leech Lake provides a great option for those looking for an affordable place to live while still enjoying all the amenities of a larger city nearby.