Housing costs in Bennington?
A typical home costs
$292,900, which is 13.4% less expensive than the national average of
$338,100 and 5.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bennington 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 Bennington?
To live comfortably in Bennington, Minnesota, a minimum annual income of
$56,160 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Bennington?
Bennington, MN is a great place to live because of its cost of living. While housing costs may be slightly higher than the national average, they are still quite affordable. A variety of housing options exist, from single-family homes to apartments, and prices range from moderate to high depending on the area and type of property. The overall cost of living in Bennington is below the state and national averages, meaning that residents get more for their money when it comes to essential items such as groceries, transportation, gas, and healthcare expenses. Additionally, local taxes are lower than most other towns in Minnesota so residents have more disposable income to spend on recreational activities or save for the future.