Housing costs in Franklin township (Wright County)?
A typical home costs
$581,000, which is 71.8% more expensive than the national average of
$338,100 and 87.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Franklin township (Wright County) costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Franklin township (Wright County)?
To live comfortably in Franklin township (Wright County), Minnesota, a minimum annual income of
$111,240 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Franklin township (Wright County)?
Franklin Township, MN has a relatively low cost of living compared to other cities in the area. The median home value is well below the national average, and monthly rent costs for a two-bedroom apartment are around $900. The overall cost of groceries is also cheaper than most places in Minnesota, allowing residents to stretch their budget much further. Additionally, the median income is higher than the state average, meaning there are plenty of employment opportunities available to help offset the low cost of living.