Housing costs in Martin Lake?
A typical home costs
$336,100, which is 0.6% less expensive than the national average of
$338,100 and 8.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Martin Lake costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Martin Lake?
To live comfortably in Martin Lake, Minnesota, a minimum annual income of
$64,440 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Martin Lake?
The cost of living in Martin Lake, MN is relatively low compared to other cities in the US. The median home price is around $177,000, which is significantly lower than the national average. Prices for basic necessities such as groceries and healthcare are also below average. Taxes are also low, with a sales tax rate of 7%. This makes Martin Lake an attractive option for people who want to save money while still being able to live comfortably. Additionally, utilities are affordable and there are numerous options for public transportation. All of these factors combined make it possible to enjoy a high quality of life without breaking the bank.