Housing costs in Floodwood?
A typical home costs
$146,700, which is 56.6% less expensive than the national average of
$338,100 and 52.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Floodwood costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Floodwood?
To live comfortably in Floodwood, Minnesota, a minimum annual income of
$28,080 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Floodwood?
The cost of living in Floodwood, MN is generally quite reasonable. The median home value in the city is around $125,000, which is relatively low compared to other cities in Minnesota. Additionally, utility costs in the area are generally quite low as well. The median household income is also below the national average, which means that people in Floodwood can usually find a home within their budget. Overall, residents of Floodwood can enjoy a comfortable lifestyle for an affordable price.