Housing costs in Madelia?
A typical home costs
$173,200, which is 48.8% less expensive than the national average of
$338,100 and 44.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Madelia costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 42.5% cheaper than the state average of
$1,240.
Can I afford Madelia?
To live comfortably in Madelia, Minnesota, a minimum annual income of
$33,120 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Madelia?
The cost of living in Madelia, MN is relatively low compared to the rest of the state. The median home value in the city is $99,700, which is significantly lower than the statewide median home value of $184,000. In addition, average rent prices are quite reasonable at just over $650 per month. Grocery prices are also below average when compared to other parts of Minnesota. Overall, Madelia is a great place to live with a cost of living that makes it affordable for many families and individuals alike.