Housing costs in Stately?
A typical home costs
$234,400, which is 30.7% less expensive than the national average of
$338,100 and 24.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Stately costs
$810 per month, which is 43.4% more than the national average of
$1,430 and 53.1% more than the state average of
$1,240.
Can I afford Stately?
To live comfortably in Stately, Minnesota, a minimum annual income of
$45,000 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Stately?
The cost of living in Stately, MN is relatively affordable compared to many other places. The area has a low unemployment rate and the average salary is slightly higher than the national average. Groceries, utilities, transportation costs, and other expenses are all reasonable in Stately. Housing costs are also reasonably priced with the median home price being just over $200,000. Despite the affordability, there are still plenty of things to do and see in the city from restaurants to coffee shops to parks and museums.