Housing costs in Louisburg?
A typical home costs
$58,300, which is 82.8% less expensive than the national average of
$338,100 and 81.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Louisburg costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 65.3% cheaper than the state average of
$1,240.
Can I afford Louisburg?
To live comfortably in Louisburg, Minnesota, a minimum annual income of
$11,160 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Louisburg?
Louisburg, MN has an affordable cost of living. According to the most recent data from Sperling’s Best Places, the average cost of living index for Louisburg is 85.7, which is 15.3 points lower than the national average. This makes it easier for residents to maintain the standard of living they desire without having to pay a hefty price tag. The housing costs in particular are especially low compared to other areas. In fact, Louisburg’s housing index is 79.5, nearly 20 points lower than the national average, making it a great option for those looking for quality housing without breaking their budget.