Housing costs in McKinley?
A typical home costs
$99,600, which is 70.5% less expensive than the national average of
$338,100 and 67.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in McKinley costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford McKinley?
To live comfortably in McKinley, Minnesota, a minimum annual income of
$19,080 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about McKinley?
Living in McKinley, MN is very affordable. The cost of living index in the city is 8.1% lower than the US average, and the median home value is $139,700, which is significantly lower than the national median home value of $219,700. Rent for a one-bedroom apartment is around $500 to $600 per month. Utilities such as electricity and internet are also relatively cheap. Gas prices are slightly higher than average due to being a rural area, but are still generally reasonable compared to bigger cities. Groceries are fairly inexpensive as well, making it easy to save money while living in McKinley.