Housing costs in The Lakes?
A typical home costs
$338,000, which is 0.0% less expensive than the national average of
$338,100 and 9.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in The Lakes costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford The Lakes?
To live comfortably in The Lakes, Minnesota, a minimum annual income of
$64,800 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about The Lakes?
The Lakes, MN is a great place to live due to its low cost of living compared to other places in the US. The housing market is relatively affordable, with median house prices being less than $150k, and rent is also relatively cheap for the area. In addition, utilities are generally cheaper than other cities as well. The overall cost of living in The Lakes, MN is approximately 5-7% lower than the national average, making it an ideal place for people looking for an affordable lifestyle.