Housing costs in Oakwood?
A typical home costs
$398,700, which is 17.9% more expensive than the national average of
$338,100 and 28.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Oakwood costs
$890 per month, which is 37.8% more than the national average of
$1,430 and 39.3% more than the state average of
$1,240.
Can I afford Oakwood?
To live comfortably in Oakwood, Minnesota, a minimum annual income of
$76,320 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Oakwood?
Oakwood, MN is a great place to live with an affordable cost of living. The median home value is low compared to the US average, and the housing market is quite stable. The cost of groceries and other essentials is also lower than the national average as well. Taxes are average for the state, but there are no sales taxes in Oakwood which can help to keep expenses down. Overall, this small town provides comfortable living while being easy on your wallet.