Housing costs in Fayal?
A typical home costs
$333,900, which is 1.2% less expensive than the national average of
$338,100 and 7.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Fayal costs
$990 per month, which is 30.8% more than the national average of
$1,430 and 25.3% more than the state average of
$1,240.
Can I afford Fayal?
To live comfortably in Fayal, Minnesota, a minimum annual income of
$64,080 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Fayal?
The cost of living in Fayal, MN is very affordable, with the median home value being just over $98,000. The median monthly rent for a one-bedroom apartment is around $550. Grocery and utility costs are also relatively low compared to other cities in Minnesota. Transportation options are abundant, with public buses running throughout the city and plenty of parking available in downtown areas. There are plenty of dining options as well, ranging from casual restaurants to more upscale establishments. Overall, the cost of living in Fayal is quite accessible and reasonable for most budgets.