Housing costs in Canby?
A typical home costs
$152,800, which is 54.8% less expensive than the national average of
$338,100 and 50.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Canby costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Canby?
To live comfortably in Canby, Minnesota, a minimum annual income of
$29,160 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Canby?
Canby, MN has a cost of living that is slightly higher than the national average, but still quite low for Minnesota. The median home price is $121,200 which is 10% lower than the state median home value. The current unemployment rate in Canby is 3.7%, which is well below the state and national averages. In addition, the city's property taxes are very low compared to other areas of the state. Overall, Canby has an affordable cost of living for people who are looking to live in a rural area with plenty of amenities.