Housing costs in French Lake?
A typical home costs
$424,200, which is 25.5% more expensive than the national average of
$338,100 and 37.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in French Lake costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$1,240.
Can I afford French Lake?
To live comfortably in French Lake, Minnesota, a minimum annual income of
$81,360 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about French Lake?
The cost of living in French Lake, MN is quite affordable, with the median home value sitting at just $263,400. Furthermore, the median household income in French Lake is $71,959 annually. With these figures considered, it's no surprise that French Lake enjoys one of the lowest costs of living in Minnesota. Groceries and other basic necessities are reasonably priced, and residents may enjoy additional savings with tax-free shopping available at nearby Albertville Premium Outlets. Furthermore, transportation costs are kept low due to French Lake's convenient location near major highways and public transportation hubs. All things considered,French Lake offers its residents an economical lifestyle that is ideal for families or individuals looking to stretch their dollar a bit further.