Housing costs in Garfield?
A typical home costs
$305,700, which is 9.6% less expensive than the national average of
$338,100 and 1.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Garfield costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 42.5% cheaper than the state average of
$1,240.
Can I afford Garfield?
To live comfortably in Garfield, Minnesota, a minimum annual income of
$58,680 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Garfield?
Garfield, MN is a great place to live and raise a family because of the low cost of living. The median home value in Garfield is just over $200,000, which is significantly lower than the national average of $231,200. Additionally, the overall cost of living index for Garfield is 84.4, which is 16.6 percent lower than the national average. This means that residents can benefit from reduced costs in housing, groceries, healthcare and other necessities. Despite having an overall low cost of living index score, utilities in Garfield are slightly higher than average with an index score at 103.5 compared to the national rate of 100. However, with all other factors factored in, Garfield remains a very affordable place to live and work.