Housing costs in Cherry?
A typical home costs
$267,900, which is 20.8% less expensive than the national average of
$338,100 and 13.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cherry costs
$980 per month, which is 31.5% more than the national average of
$1,430 and 26.5% more than the state average of
$1,240.
Can I afford Cherry?
To live comfortably in Cherry, Minnesota, a minimum annual income of
$51,480 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Cherry?
The cost of living in Cherry, MN is significantly lower than the national average. The median household income is roughly $47,000, which is around $17,000 less than the US median. Additionally, the cost of housing in Cherry remains relatively low compared to other areas in the United States. The median home value in town is just over $100,000, and rent for a one-bedroom apartment averages at about $650 per month. Overall, there is plenty of affordability for those considering making the move to Cherry, MN.