Housing costs in Pequot Lakes?
A typical home costs
$259,800, which is 23.2% less expensive than the national average of
$338,100 and 16.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Pequot Lakes costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 25.3% cheaper than the state average of
$1,240.
Can I afford Pequot Lakes?
To live comfortably in Pequot Lakes, Minnesota, a minimum annual income of
$49,680 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Pequot Lakes?
Pequot Lakes, MN is an affordable place to live, with the cost of living being significantly lower than both the Minnesota and national averages. According to Sperling's Best Places, the cost of living index in Pequot Lakes is 85.9 compared to the US average of 100. Housing costs are particularly notable, coming in at 63 percent below the state average. Additionally, basic utilities are about 11 percent cheaper than the national average and gas prices are approximately 8 percent lower than other parts of Minnesota. Overall, Pequot Lakes offers an attractive option for those looking for a high quality of life at an affordable price.