Housing costs in Jefferson?
A typical home costs
$349,000, which is 3.2% more expensive than the national average of
$338,100 and 12.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Jefferson costs
$870 per month, which is 39.2% more than the national average of
$1,430 and 42.5% more than the state average of
$1,240.
Can I afford Jefferson?
To live comfortably in Jefferson, Minnesota, a minimum annual income of
$66,960 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Jefferson?
The cost of living in Jefferson, MN is relatively low compared to other parts of the country. The median home price is just under $150,000 and the average rental price for a one bedroom apartment is around $650 per month. The unemployment rate in Jefferson is also considerably lower than the national average, which helps keep prices down. In addition, there are no state income taxes in Minnesota so you can save even more money on your living expenses. All in all, Jefferson offers a great quality of life at an affordable price.