Housing costs in Gilmanton?
A typical home costs
$397,000, which is 17.4% more expensive than the national average of
$338,100 and 28.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Gilmanton 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 Gilmanton?
To live comfortably in Gilmanton, Minnesota, a minimum annual income of
$75,960 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Gilmanton?
The cost of living in Gilmanton, MN is relatively low compared to many other cities. The median home value for the town is around $232,000 which is substantially lower than the national average. Overall, housing expenses for residents are quite reasonable and there are a variety of affordable rental options. Additionally, groceries and other essential items tend to be lower than the average cost in many other areas of the country. All in all, Gilmanton's cost of living is very reasonable and makes it an ideal location for those looking for an accessible place to call home.