Housing costs in Preble?
A typical home costs
$297,300, which is 12.1% less expensive than the national average of
$338,100 and 3.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Preble costs
$920 per month, which is 35.7% more than the national average of
$1,430 and 34.8% more than the state average of
$1,240.
Can I afford Preble?
To live comfortably in Preble, Minnesota, a minimum annual income of
$56,880 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Preble?
The cost of living in Preble, MN is relatively low compared to other towns and cities throughout the region. The median home value is about $127,000, which is significantly lower than the national median. Additionally, housing prices are fairly stable over time with minimal fluctuation. There are also a variety of rental options available for those who prefer to rent instead of buy. Groceries and gas are close to the national average, while utilities and healthcare costs are slightly above the national average. All in all, living in Preble is affordable when compared to other areas of Minnesota and surrounding states.