Housing costs in Herman?
A typical home costs
$154,700, which is 54.2% less expensive than the national average of
$338,100 and 50.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Herman costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Herman?
To live comfortably in Herman, Minnesota, a minimum annual income of
$29,520 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Herman?
Herman, MN is a fairly affordable place to live. The cost of living in Herman is about 8% lower than the national average, making it a great choice for those who want to save money while still enjoying a high-quality lifestyle. The median home price in Herman is around $95,000, which is substantially lower than the national median and allows individuals and families to purchase a home without breaking the bank. Other costs such as groceries, utilities, transportation, entertainment, and health care are all relatively low compared to other cities throughout the country. Overall, living in Herman offers an excellent value for its residents.