Housing costs in Chester township (Polk County)?
A typical home costs
$171,100, which is 49.4% less expensive than the national average of
$338,100 and 44.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Chester township (Polk County) costs
$840 per month, which is 41.3% more than the national average of
$1,430 and 47.6% more than the state average of
$1,240.
Can I afford Chester township (Polk County)?
To live comfortably in Chester township (Polk County), Minnesota, a minimum annual income of
$32,760 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Chester township (Polk County)?
The cost of living in Chester Township, Polk County, Minnesota is fairly low compared to other parts of the state. According to the most recent data available from the BestPlaces Bureau, the median household income in Chester Township is $60,732 which is below the state average of $68,388. In addition, housing costs are also relatively low with a median home value of $170,800 and a median rent of $741 per month. The overall cost of living index for Chester Township is 86.4 which is 14.6 points lower than Minnesota's average cost of living index rating of 101.0. This makes Chester Township an attractive place for potential residents looking to move to an affordable area with access to all the amenities that Minnesota has to offer.