Housing costs in Newton?
A typical home costs
$300,500, which is 11.1% less expensive than the national average of
$338,100 and 2.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Newton costs
$880 per month, which is 38.5% more than the national average of
$1,430 and 40.9% more than the state average of
$1,240.
Can I afford Newton?
To live comfortably in Newton, Minnesota, a minimum annual income of
$57,600 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Newton?
The cost of living in Newton, MN is slightly above the national average. This is mainly due to the fact that the area has a higher than average median home price and a higher than average cost of goods and services. The median home price in Newton is $184,100, which puts it above the national median of $183,000. Similarly, costs of food, transportation, housing and healthcare are all more expensive than the US average. Despite the higher costs associated with living in Newton, residents enjoy a high quality of life due to its low crime rate and access to outdoor recreation areas nearby.