Housing costs in Racine?
A typical home costs
$323,300, which is 4.4% less expensive than the national average of
$338,100 and 4.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Racine costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 37.8% cheaper than the state average of
$1,240.
Can I afford Racine?
To live comfortably in Racine, Minnesota, a minimum annual income of
$61,920 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Racine?
Racine, MN has an affordable cost of living that makes it a desirable place to live. The overall cost of living index for Racine is 88.2, which is 12.8% lower than the US average and significantly lower than many other cities in Minnesota. Housing costs are especially low when compared to the state average; houses in Racine often cost around 30% less than other parts of the state. Additionally, taxes are relatively low in Racine, as property tax rates are one-third lower than the rest of Minnesota and sales taxes are slightly below the national average. Other expenses like food, clothing, and transportation are also quite reasonable in the city making it an attractive option for those looking for affordable living options.