Housing costs in West Lakeland?
A typical home costs
$646,800, which is 91.3% more expensive than the national average of
$338,100 and 109.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in West Lakeland costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 10.8% more than the state average of
$1,240.
Can I afford West Lakeland?
To live comfortably in West Lakeland, Minnesota, a minimum annual income of
$123,840 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about West Lakeland?
The cost of living in West Lakeland, MN is quite affordable. It has a low median home value of $225,400 and the median household income is just over $70,000 - both figures being well below the national average. The median rent for a two-bedroom apartment is about $1,100 per month which makes it very accessible for those on a budget. Additionally, the town offers low taxes and utility costs compared to other cities in the area. Overall, West Lakeland provides an excellent quality of life at an unbeatable price.