Housing costs in Medicine Lake?
A typical home costs
$1,011,000, which is 199.0% more expensive than the national average of
$338,100 and 226.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Medicine Lake costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 17.9% more than the state average of
$1,240.
Can I afford Medicine Lake?
To live comfortably in Medicine Lake, Minnesota, a minimum annual income of
$193,680 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Medicine Lake?
Medicine Lake, MN is a great place to live with a low cost of living. The median home price in the area is around $243,000, which is much lower than the national average and offers great value for homeowners. Renters can expect to find reasonably priced apartments and houses for rent in the area as well. Grocery prices are generally quite low, and other day-to-day costs such as utilities are also relatively inexpensive compared to many other places in the United States. Overall, Medicine Lake provides a great quality of life at an affordable cost.