Housing costs in Prairie Lake?
A typical home costs
$236,400, which is 30.1% less expensive than the national average of
$338,100 and 23.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Prairie Lake costs
$820 per month, which is 42.7% more than the national average of
$1,430 and 51.2% more than the state average of
$1,240.
Can I afford Prairie Lake?
To live comfortably in Prairie Lake, Minnesota, a minimum annual income of
$45,360 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Prairie Lake?
The cost of living in Prairie Lake, MN is quite reasonable. According to the Cost of Living Index, it is estimated to be about 10 percent below the national average. The median home value is around $220,000 and the median household income is roughly $56,000. Transportation costs are also lower than average in Prairie Lake; the monthly public transportation ticket averages around $50 while gas prices tend to be lower than those in larger cities. Furthermore, groceries and other everyday items are more affordable than in some other parts of the state or country. All of these factors combine to make Prairie Lake an attractive place to live with a cost of living that will fit many budgets.