Housing costs in Mayhew Lake?
A typical home costs
$415,100, which is 22.8% more expensive than the national average of
$338,100 and 34.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mayhew Lake costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Mayhew Lake?
To live comfortably in Mayhew Lake, Minnesota, a minimum annual income of
$79,560 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Mayhew Lake?
The cost of living in Mayhew Lake, MN is quite reasonable. The median home value is $177,800, which is slightly lower than the U.S. median home value of $219,700. Median rent prices are also less than the national average at $900 per month. The unemployment rate in Mayhew Lake is just below 4%, and the poverty rate is only 4.6%. Groceries and other essentials are reasonably priced in Mayhew Lake as well. This combination of relatively low costs makes Mayhew Lake an attractive place to live for those looking to find affordable housing without sacrificing quality of life.