Housing costs in Mountain Lake?
A typical home costs
$132,100, which is 60.9% less expensive than the national average of
$338,100 and 57.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mountain Lake costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,240.
Can I afford Mountain Lake?
To live comfortably in Mountain Lake, Minnesota, a minimum annual income of
$25,200 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Mountain Lake?
The cost of living in Mountain Lake, MN is quite affordable compared to many other parts of the country. The median home value in Mountain Lake is around $120,000, making it an affordable option for those looking to purchase or rent a home. The average cost of living for a family in Mountain Lake is much lower than many other cities and towns across the United States. Prices for basic necessities such as groceries and utilities tend to be lower than the national average as well. Overall, the cost of living in Mountain Lake is very reasonable when compared to other areas of the United States.