Housing costs in Newfolden?
A typical home costs
$124,200, which is 63.3% less expensive than the national average of
$338,100 and 59.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Newfolden 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 Newfolden?
To live comfortably in Newfolden, Minnesota, a minimum annual income of
$23,760 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Newfolden?
The cost of living in Newfolden, MN is generally quite affordable. This small town has some of the lowest housing costs in the country with an average home price of $69,000. Utilities like electricity and water are also relatively inexpensive compared to other places in the state. In addition, groceries and other essentials are also reasonably priced. Overall, Newfolden is a great place to live for those who are looking for a low-cost lifestyle while still having access to basic amenities.