Housing costs in Hanley Falls?
A typical home costs
$108,700, which is 67.8% less expensive than the national average of
$338,100 and 64.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hanley Falls costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford Hanley Falls?
To live comfortably in Hanley Falls, Minnesota, a minimum annual income of
$20,880 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Hanley Falls?
The cost of living in Hanley Falls, MN is quite affordable. With a median home value of just $136,800, housing is significantly lower than other parts of the state. Utilities are also reasonable, and groceries are relatively inexpensive as well. In addition, there are no state income taxes imposed in Minnesota. This allows residents to keep more money in their pockets without having to worry about paying an additional tax burden. Overall, the cost of living in Hanley Falls is very favorable for anyone looking to move into the area.