Housing costs in Buffalo Lake?
A typical home costs
$185,000, which is 45.3% less expensive than the national average of
$338,100 and 40.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Buffalo Lake costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,240.
Can I afford Buffalo Lake?
To live comfortably in Buffalo Lake, Minnesota, a minimum annual income of
$35,280 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Buffalo Lake?
The cost of living in Buffalo Lake, MN is quite reasonable compared to many other places in the United States. The median home value is just over $120,000, providing an affordable option for those looking to purchase a home. The average rental cost in the city is also relatively low at around $700 per month. As far as utilities go, residents can expect to pay around $150 a month for electricity and water. Additionally, food prices are below the national average and transportation costs are very reasonable. All in all, Buffalo Lake offers a great mix of affordability and quality of life that make it a great place to live.