Housing costs in Munson?
A typical home costs
$450,500, which is 33.2% more expensive than the national average of
$338,100 and 45.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Munson costs
$820 per month, which is 42.7% more than the national average of
$1,430 and 51.2% more than the state average of
$1,240.
Can I afford Munson?
To live comfortably in Munson, Minnesota, a minimum annual income of
$86,400 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Munson?
The cost of living in Munson, MN is quite affordable. The median home value is only $111,400, which is lower than the national average. Additionally, the annual median household income is just under $47,000 per year. Taxes in the area are also low; the sales tax rate is 6.875%, and while property and income taxes are slightly higher than some neighboring areas, they remain moderate overall. This makes Munson an ideal place to live for those looking for an affordable lifestyle without sacrificing opportunities or amenities.