Housing costs in Shelby?
A typical home costs
$359,000, which is 6.2% more expensive than the national average of
$338,100 and 16.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Shelby costs
$920 per month, which is 35.7% more than the national average of
$1,430 and 34.8% more than the state average of
$1,240.
Can I afford Shelby?
To live comfortably in Shelby, Minnesota, a minimum annual income of
$68,760 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Shelby?
The cost of living in Shelby, MN is relatively low compared to major cities. The median home price in Shelby is around $110,000 which makes it an affordable place to buy a home. The overall cost of living including groceries, utilities, health care, and transportation are all below the national average. Additionally, taxes in the area are lower than most states. This combination of affordability and low taxes makes Shelby a great place to live for those who want to keep their costs down while still enjoying all the amenities that Minnesota has to offer.