Housing costs in Chatham?
A typical home costs
$495,800, which is 46.6% more expensive than the national average of
$338,100 and 60.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Chatham costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 6.8% more than the state average of
$1,240.
Can I afford Chatham?
To live comfortably in Chatham, Minnesota, a minimum annual income of
$95,040 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Chatham?
The cost of living in Chatham, MN is generally quite reasonable. Housing costs are among the lowest in the state, with the median home value falling below $100,000. The cost of groceries is on par with other places in Minnesota, while transportation and utilities are slightly lower than average. While there are some areas around town that have higher prices for certain items, overall Chatham provides a great balance between cost and quality of life.