Housing costs in Ransom?
A typical home costs
$302,800, which is 10.4% less expensive than the national average of
$338,100 and 2.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ransom costs
$910 per month, which is 36.4% more than the national average of
$1,430 and 36.3% more than the state average of
$1,240.
Can I afford Ransom?
To live comfortably in Ransom, Minnesota, a minimum annual income of
$57,960 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Ransom?
The cost of living in Ransom, MN is quite reasonable. The town's median household income is around $39,169, which is slightly lower than the national average. The housing market is also very affordable, with the median home price coming in at just over $117,000. Property taxes are also quite affordable, averaging around 0.85% of assessed value. The low cost of living combined with its rural location make Ransom an attractive place to live for those looking for a budget-friendly lifestyle.