Housing costs in Redwood Falls?
A typical home costs
$143,000, which is 57.7% less expensive than the national average of
$338,100 and 53.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Redwood Falls costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford Redwood Falls?
To live comfortably in Redwood Falls, Minnesota, a minimum annual income of
$27,360 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Redwood Falls?
The cost of living in Redwood Falls, MN is relatively affordable. The median home value in the city is around $119,400 which is much lower than the national average of $219,700. Renters can also find reasonable prices with an average rent of $705 per month. Other costs such as utilities are also reasonably priced when compared to other places in Minnesota. Overall, Redwood Falls is a great place to live due to its low cost of living and access to amenities and other services.