Housing costs in Randolph?
A typical home costs
$404,600, which is 19.7% more expensive than the national average of
$338,100 and 30.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Randolph costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 10.8% more than the state average of
$1,240.
Can I afford Randolph?
To live comfortably in Randolph, Minnesota, a minimum annual income of
$77,400 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Randolph?
The cost of living in Randolph, MN is quite affordable. Rent is relatively low compared to the national average and groceries are also reasonably priced. Furthermore, gas prices are below the national average, offering significant savings for those who need to commute. The local tax rate is also quite low at 6.875%, which offers extra savings on purchases and services. All in all, Randolph offers an excellent value for money, making it a great place to live and work without breaking the bank.