Housing costs in Bena?
A typical home costs
$93,800, which is 72.3% less expensive than the national average of
$338,100 and 69.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bena costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 59.0% cheaper than the state average of
$1,240.
Can I afford Bena?
To live comfortably in Bena, Minnesota, a minimum annual income of
$18,000 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Bena?
The cost of living in Bena, MN is relatively affordable. Although housing costs tend to be higher than the national average due to the high demand for lakefront property, overall, the cost of living here is comparable to other rural areas in Minnesota. The median income for households in the area is typical of a small rural community, and the unemployment rate is low. The local economy is primarily driven by tourism and agriculture, with some light manufacturing thrown in. Additionally, utilities rates are lower than most of the rest of Minnesota due to access to hydroelectric power. All in all, you can expect to get a lot more bang for your buck when you live in Bena, MN compared to other parts of the state.