Housing costs in Heron Lake?
A typical home costs
$110,500, which is 67.3% less expensive than the national average of
$338,100 and 64.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Heron Lake 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 Heron Lake?
To live comfortably in Heron Lake, Minnesota, a minimum annual income of
$21,240 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Heron Lake?
The cost of living in Heron Lake, MN is relatively low compared to other parts of the state. The median home value in the town is $191,100 and a typical two-bedroom apartment rents for around $800 a month. Groceries and other basic necessities are affordable and there are many local shops where you can find great deals on everything from clothing to electronics. The overall cost of living in Heron Lake is much lower than that of the Twin Cities area, making it an attractive option for those looking for a lower cost of living with plenty of amenities nearby.