Housing costs in Port Hope?
A typical home costs
$344,700, which is 2.0% more expensive than the national average of
$338,100 and 11.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Port Hope costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 24.0% cheaper than the state average of
$1,240.
Can I afford Port Hope?
To live comfortably in Port Hope, Minnesota, a minimum annual income of
$65,880 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Port Hope?
Port Hope, MN has a relatively low cost of living compared to other cities in the United States. The median home price is lower than the national average at around $250,000 and the median household income is slightly above the national average at $59,451. The unemployment rate is also below the national average, currently sitting at only 3%. Because of this, Port Hope remains an attractive destination for those looking to live in a wonderful area without breaking their budget. Additionally, the town boasts plenty of outdoor activities, great restaurants and bars, and other attractions for those who enjoy exploring their surroundings.