Housing costs in Elizabeth?
A typical home costs
$186,600, which is 44.8% less expensive than the national average of
$338,100 and 39.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Elizabeth 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 Elizabeth?
To live comfortably in Elizabeth, Minnesota, a minimum annual income of
$35,640 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Elizabeth?
The cost of living in Elizabeth, MN is quite affordable compared to many other towns and cities in the area. The median home price for Elizabeth, MN is $296,500, which is significantly lower than the national median of $326,000. Additionally, the average rent for a one-bedroom apartment in the city is just over $900 per month. Taxes are also favorable here, with an effective tax rate of just 6.31% on most income earned within Elizabeth's boundaries. Finally, groceries and other daily necessities are also reasonably priced, making it an attractive option for those looking to live within a budget while still enjoying all that the city has to offer.