Housing costs in Benton?
A typical home costs
$450,300, which is 33.2% more expensive than the national average of
$338,100 and 45.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Benton costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 11.4% more than the state average of
$1,240.
Can I afford Benton?
To live comfortably in Benton, Minnesota, a minimum annual income of
$86,400 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Benton?
The cost of living in Benton, MN is relatively affordable compared to other cities in the area. According to BestPlaces's Cost of Living Report, the cost of living index for Benton, MN is 72.3, which is lower than most of its neighboring cities and towns. This makes it an ideal place to live if you are trying to watch your budget, as essentials like food and housing are much cheaper than in other places. Additionally, rent prices here are very reasonable; a one-bedroom apartment typically costs around $550 per month. In terms of utilities, residents can expect to pay lower than the national average for electricity, water, gas and internet services. All these factors make Benton a great option if you want an affordable place to call home.