Housing costs in Platte Lake?
A typical home costs
$273,500, which is 19.1% less expensive than the national average of
$338,100 and 11.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Platte Lake costs
$940 per month, which is 34.3% more than the national average of
$1,430 and 31.9% more than the state average of
$1,240.
Can I afford Platte Lake?
To live comfortably in Platte Lake, Minnesota, a minimum annual income of
$52,560 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Platte Lake?
The cost of living in Platte Lake, MN is overall quite affordable. Renting a one bedroom apartment typically averages around $650 per month while the median home value is about $152,500. Groceries and other household expenses are also relatively low compared to other cities in the area. The sales tax rate is at 6.875% which is lower than the national average, and utilities are affordable as well. On average, you can expect to pay about $100 per month for electricity and natural gas. Overall, Platte Lake provides an affordable housing market with reasonable pricing options for most budgets.