Housing costs in Belvidere?
A typical home costs
$427,500, which is 26.4% more expensive than the national average of
$338,100 and 38.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Belvidere costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 17.0% cheaper than the state average of
$1,240.
Can I afford Belvidere?
To live comfortably in Belvidere, Minnesota, a minimum annual income of
$82,080 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Belvidere?
Belvidere, MN is known for its low cost of living. According to data from the US Bureau of Economic Analysis, Belvidere’s cost of living index is 86.2, which is 14.8% lower than the national average. This index measures the local prices for consumer goods and services relative to a given area's median income level. With such an affordable cost of living, Belvidere provides a great environment for families who want to build their lives without breaking the bank. The housing market in Belvidere is very affordable compared to other cities in Minnesota, with median home values below $200,000. Additionally, groceries are relatively inexpensive and transportation costs are minimal due to the small town nature of Belvidere. All in all, this small town provides a nice combination of comfort and affordability that is hard to find elsewhere.