Housing costs in Akeley?
A typical home costs
$250,500, which is 25.9% less expensive than the national average of
$338,100 and 19.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Akeley costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 40.9% cheaper than the state average of
$1,240.
Can I afford Akeley?
To live comfortably in Akeley, Minnesota, a minimum annual income of
$47,880 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Akeley?
The cost of living in Akeley, MN is relatively low compared to many other areas. The median home price is around $99,000 which is much lower than the national average. Additionally, the sales tax rate in Akeley is only 7% so residents can buy goods and services at a lower price than most other cities. Utility expenses are also quite low as electricity averages around 10 cents per kilowatt hour and natural gas averages $10-$12 per thousand cubic feet. Overall, the cost of living in Akeley, MN is very affordable and provides residents with plenty of great options when it comes to housing and other everyday expenses.