Housing costs in Colfax?
A typical home costs
$374,300, which is 10.7% more expensive than the national average of
$338,100 and 20.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Colfax costs
$850 per month, which is 40.6% more than the national average of
$1,430 and 45.9% more than the state average of
$1,240.
Can I afford Colfax?
To live comfortably in Colfax, Minnesota, a minimum annual income of
$71,640 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Colfax?
The cost of living in Colfax, MN is relatively low. The average home value in the area is around $105,000, which makes it an attractive option for those looking to buy a house. In addition, the median household income is around $50,280, which is slightly higher than the national average and provides its residents with a decent standard of living. There are also several grocery stores, gas stations, and other necessities located nearby that make it easier to live here comfortably without having to spend too much money. Overall, Colfax offers its residents an affordable lifestyle while providing everything they need to live happily.