Housing costs in Gorman?
A typical home costs
$447,200, which is 32.3% more expensive than the national average of
$338,100 and 44.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Gorman costs
$880 per month, which is 38.5% more than the national average of
$1,430 and 40.9% more than the state average of
$1,240.
Can I afford Gorman?
To live comfortably in Gorman, Minnesota, a minimum annual income of
$85,680 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Gorman?
The cost of living in Gorman, MN is relatively low compared to other parts of the United States. The median home value is around $146,700, which is lower than the Minnesota average. Additionally, taxes are low and utilities are reasonable. Groceries tend to be slightly more expensive here due to the rural location, but overall it remains a budget-friendly place to live. There are many local businesses that offer discounts and services at an affordable rate as well.