Housing costs in Lake Park?
A typical home costs
$380,000, which is 12.4% more expensive than the national average of
$338,100 and 22.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lake Park costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Lake Park?
To live comfortably in Lake Park, Minnesota, a minimum annual income of
$72,720 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Lake Park?
The cost of living in Lake Park, MN is relatively affordable compared to other cities in the state. The median home value for the current year sits at $113,000, while rent averages at around $750 per month. Additionally, transportation costs are lower than many other areas due to its proximity to larger cities like Fargo and Minneapolis. Groceries are also reasonably priced with items averaging under five dollars each. Overall, Lake Park makes for an attractive and affordable place to live with plenty of amenities and activities available for residents.