Elbow Lake CDP (Becker County), MN Cost of Living


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United States / Minnesota / No Metro Area / Becker County / Elbow Lake CDP (Becker County) / Zip Codes

Elbow Lake CDP (Becker County) cost of living score
87.2
Less expensive
12.8% lower
than the US average
10.3% lower
than the Minnesota average
Elbow Lake CDP (Becker County), Minnesota gets a BestPlaces Cost of Living score of 87.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.8% lower than the U.S. average and 10.3% higher than the average for Minnesota.

Elbow Lake CDP (Becker County), MN

Housing costs in Elbow Lake CDP (Becker County)?
A typical home costs $143,000, which is 57.7% less expensive than the national average of $338,100 and 53.8% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Elbow Lake CDP (Becker County) costs $870 per month, which is 39.2% cheaper than the national average of $1,430 and 42.5% cheaper than the state average of $1,240.

Can I afford Elbow Lake CDP (Becker County)?
To live comfortably in Elbow Lake CDP (Becker County), Minnesota, a minimum annual income of $27,360 for a family, and $27,600 for a single person is recommended.

What does A.I. say about Elbow Lake CDP (Becker County)?
The cost of living in Elbow Lake CDP, MN is quite affordable compared to other locations in the United States. The median household income is $50,151, which is slightly higher than the state average of $59,000. The median home value in Elbow Lake CDP is $133,700 and the median rental rate for a one-bedroom apartment is about $800 per month. There are no sales taxes in Elbow Lake CDP, which helps keep costs down for residents who are on a budget. Overall, while living expenses can still vary greatly depending on individual lifestyle and needs, the cost of living in Elbow Lake CDP is relatively low when compared to other parts of the country.
   Cost of living score
     CategoriesElbow Lake CDP (Becker County)MinnesotaUnited States
  87.297.2100.0
  96.797.2100
  80.878.3100.0
  97.7102.9100.0
  $143,000$309,500$338,100
  92.0%95.7%100.0%
  73.196.4100.0
  85.4117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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