Housing costs in Lake Benton?
A typical home costs
$147,900, which is 56.3% less expensive than the national average of
$338,100 and 52.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lake Benton 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 Lake Benton?
To live comfortably in Lake Benton, Minnesota, a minimum annual income of
$28,440 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Lake Benton?
Lake Benton, MN is known for its low cost of living among other small towns in Minnesota. The median home value is approximately $75,000 and the median rent price is only $400, both of which are significantly lower than other Minnesota cities. The cost of food and other necessities such as gas is also relatively inexpensive compared to larger cities. This makes Lake Benton an attractive place to live for those looking for a safe and affordable community to call home.