Housing costs in Stephen?
A typical home costs
$98,800, which is 70.8% less expensive than the national average of
$338,100 and 68.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Stephen costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 55.0% cheaper than the state average of
$1,240.
Can I afford Stephen?
To live comfortably in Stephen, Minnesota, a minimum annual income of
$19,080 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Stephen?
The cost of living in Stephen, MN is quite affordable for individuals and families alike. The median home price is just over $90,000, which makes it possible for many people to own a home here. Additionally, the local government has taken steps to keep the cost of living low, such as exempting certain home improvements from property taxes. Other necessities like food and utilities also tend to remain very affordable in Stephen, making it an attractive option for those looking for an inexpensive place to live.