Housing costs in Lake Mary?
A typical home costs
$367,300, which is 8.6% more expensive than the national average of
$338,100 and 18.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lake Mary 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 Lake Mary?
To live comfortably in Lake Mary, Minnesota, a minimum annual income of
$70,200 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Lake Mary?
The cost of living in Lake Mary, MN is quite affordable. The median home value in the town is around $127,000, which is below the national average. Additionally, groceries and other necessities tend to be slightly lower than most areas. The overall cost of living index for Lake Mary is 91.1, compared with the national average of 100. This means that overall costs are lower than the U.S. average. In addition to an affordable cost of living, Lake Mary also offers a friendly environment with plenty of outdoor activities for residents to enjoy all year round.