Housing costs in Iron Junction?
A typical home costs
$134,800, which is 60.1% less expensive than the national average of
$338,100 and 56.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Iron Junction costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 9.7% cheaper than the state average of
$1,240.
Can I afford Iron Junction?
To live comfortably in Iron Junction, Minnesota, a minimum annual income of
$25,920 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Iron Junction?
Iron Junction, MN is a small town in the northern part of the state that offers residents an affordable cost of living. With low property taxes and reasonable prices on basic goods and services, Iron Junction is an ideal place for families looking to save money. The average cost of housing in Iron Junction is much lower than in many larger cities, and there are plenty of restaurants, grocery stores, and other amenities close by that keep costs down. For those looking to purchase a home or rent an apartment, Iron Junction has some great options available at very reasonable prices.