Housing costs in Roy Lake?
A typical home costs
$231,700, which is 31.5% less expensive than the national average of
$338,100 and 25.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Roy Lake costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Roy Lake?
To live comfortably in Roy Lake, Minnesota, a minimum annual income of
$44,280 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Roy Lake?
The cost of living in Roy Lake, MN is quite reasonable, as it is one of the most affordable cities in the Midwest. The median home value is around $175,000 and the median rent is around $1,200 per month. Prices for groceries and other goods are also quite low relative to most other areas of the country. Although residents may have to pay a little more for gasoline due to its rural location, overall expenses in Roy Lake tend to be lower than many nearby cities and towns.