Housing costs in Elmwood?
A typical home costs
$322,500, which is 4.6% less expensive than the national average of
$338,100 and 4.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Elmwood 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 Elmwood?
To live comfortably in Elmwood, Minnesota, a minimum annual income of
$61,920 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Elmwood?
Elmwood, MN is known for its affordable cost of living. The city has a median home value of only $139,000, making it a great place to buy a home at an affordable price. Additionally, the cost of groceries and utilities are significantly lower than in other parts of the country. Elmwood also offers excellent investment opportunities due to its low real estate prices and diverse economic landscape. As a result, the city is an ideal choice for those looking to enjoy the comfort of small-town living without sacrificing convenience or affordability.