Housing costs in Fairfax?
A typical home costs
$147,300, which is 56.4% less expensive than the national average of
$338,100 and 52.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Fairfax costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 37.8% cheaper than the state average of
$1,240.
Can I afford Fairfax?
To live comfortably in Fairfax, Minnesota, a minimum annual income of
$28,080 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Fairfax?
Fairfax, MN has a relatively low cost of living. The median home price is around $125,000, which is significantly lower than the national average of roughly $200,000. Other costs such as groceries and utilities also remain relatively low due to the rural nature of the area. Rent for comparable housing in Fairfax can range from $600 to $950 per month depending on the size and location of the property. In addition to these costs, transportation expenses are typically below average due to the fact that most people in Fairfax own their own cars and rely on them for commuting. All in all, living in Fairfax can be quite affordable for those looking for an affordable place to live with plenty of outdoor activities and a small-town atmosphere.