Housing costs in Owatonna?
A typical home costs
$243,700, which is 27.9% less expensive than the national average of
$338,100 and 21.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Owatonna costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 33.3% cheaper than the state average of
$1,240.
Can I afford Owatonna?
To live comfortably in Owatonna, Minnesota, a minimum annual income of
$46,800 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Owatonna?
The cost of living in Owatonna, MN is slightly lower than the national average. Housing costs are generally quite reasonable, with median rent being approximately $750 a month. Groceries and utilities tend to be cheaper than other parts of the country, and health care costs are also below the national average. Overall, Owatonna offers an affordable lifestyle for residents and visitors alike.