Housing costs in Watkins?
A typical home costs
$263,400, which is 22.1% less expensive than the national average of
$338,100 and 14.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Watkins 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 Watkins?
To live comfortably in Watkins, Minnesota, a minimum annual income of
$50,400 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Watkins?
The cost of living in Watkins, MN is relatively low compared to other parts of the country. The median home value in Watkins is $161,400, which is much lower than the national average of $231,200. Additionally, the overall cost of living index in Watkins is at 87.7 points out of 100 as opposed to the U.S. national average which is at 100 points. This means that basic goods and services are around 12% cheaper in Watkins than they are nationally. From groceries to apparel to healthcare costs, residents of Watkins can expect lower prices for everyday needs and luxuries alike.