Housing costs in Morgan?
A typical home costs
$95,500, which is 71.8% less expensive than the national average of
$338,100 and 69.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Morgan costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Morgan?
To live comfortably in Morgan, Minnesota, a minimum annual income of
$18,360 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Morgan?
The cost of living in Morgan, MN is quite reasonable. Although the median home value is slightly higher than the national average at $167,500, housing costs are largely offset by a low cost of groceries and utilities. Consumer prices in Morgan are 4% lower than the US average, and transportation costs remain manageable due to the town’s close proximity to other major cities in the region. All in all, Morgan is a great place to live for people looking for an affordable lifestyle without sacrificing quality.