Housing costs in Moorhead?
A typical home costs
$238,100, which is 29.6% less expensive than the national average of
$338,100 and 23.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Moorhead costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 34.8% cheaper than the state average of
$1,240.
Can I afford Moorhead?
To live comfortably in Moorhead, Minnesota, a minimum annual income of
$45,720 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Moorhead?
The cost of living in Moorhead, MN is relatively low compared to other cities and towns in the state. According to Sperling’s Best Places, the cost of living index for Moorhead is 96.7, which is significantly lower than the average for Minnesota, which is 100. Overall, groceries, healthcare, housing, utilities and transportation are all reasonably priced in the city. Renting a one-bedroom apartment can cost around $600 or less per month in most areas of town, while a three-bedroom home may run anywhere from $850 to $1300 a month. Groceries are also more affordable than many other parts of the Midwest; eating out at restaurants and buying items such as clothes and electronic goods at local stores are also relatively inexpensive.