Housing costs in Rockford?
A typical home costs
$320,100, which is 5.3% less expensive than the national average of
$338,100 and 3.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Rockford costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 2.4% more than the state average of
$1,240.
Can I afford Rockford?
To live comfortably in Rockford, Minnesota, a minimum annual income of
$61,200 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Rockford?
Rockford, MN is known for its affordability when it comes to the cost of living. According to MoneyGeek, Rockford has an overall cost of living index score 20% below the national average. This means that housing prices are much lower than in most other cities and towns throughout the US. The median home price in Rockford is $234,400, a full 63% lower than the median national home price. In addition, utilities in Rockford are 13% below the national average which can make a big difference when it comes to monthly expenses. All in all, Rockford is an affordable place to live with plenty of amenities for its residents.