Housing costs in Bay Lake?
A typical home costs
$415,900, which is 23.0% more expensive than the national average of
$338,100 and 34.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bay Lake costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 22.8% cheaper than the state average of
$1,240.
Can I afford Bay Lake?
To live comfortably in Bay Lake, Minnesota, a minimum annual income of
$79,560 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Bay Lake?
The cost of living in Bay Lake, MN is relatively affordable compared to other cities in the Midwest. The median home price is around $135,000 and rent costs are just above the national average. The town has a low unemployment rate which helps keep costs down for goods and services, making it an ideal place to live for those on a budget. Utilities are also very reasonable, with electricity and water costing only slightly more than in other parts of the country. In addition, there are plenty of local stores and restaurants offering great prices on food and goods. All of these factors combine to make Bay Lake an affordable and attractive place to call home.