Housing costs in Backus?
A typical home costs
$233,100, which is 31.1% less expensive than the national average of
$338,100 and 24.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Backus costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Backus?
To live comfortably in Backus, Minnesota, a minimum annual income of
$44,640 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Backus?
Backus, MN has a relatively low cost of living compared to similar-sized cities in the United States. The median home value in the city is around $138,000, which is significantly lower than the national median home value of $231,200. Renting a property for a one-bedroom apartment costs an average of $390 per month, while utilities such as electricity, heating and water are reasonably priced. The cost of groceries and other basic necessities is also quite reasonable. Furthermore, Backus does not have a high income tax rate and sales taxes are relatively low compared to other states. All in all, Backus has an attractive cost of living that makes it an ideal place to live for those looking to save money on their monthly expenses.