Housing costs in Deer River?
A typical home costs
$205,000, which is 39.4% less expensive than the national average of
$338,100 and 33.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Deer River costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 27.8% cheaper than the state average of
$1,240.
Can I afford Deer River?
To live comfortably in Deer River, Minnesota, a minimum annual income of
$39,240 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Deer River?
Deer River, MN is an affordable place to live. The cost of living is lower than the national average and slightly lower than the Minnesota average. The median home price in Deer River is around $150,000, making it accessible for a variety of budgets. Renting is also more affordable than most cities in Minnesota, at about $750 per month for a two bedroom apartment. Groceries are also reasonably priced throughout town with the average cost of basic items being comparable to other cities in the state. Overall, Deer River provides a good quality of life at an affordable price.