Housing costs in Lake Shore?
A typical home costs
$500,300, which is 48.0% more expensive than the national average of
$338,100 and 61.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lake Shore costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 20.4% cheaper than the state average of
$1,240.
Can I afford Lake Shore?
To live comfortably in Lake Shore, Minnesota, a minimum annual income of
$95,760 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Lake Shore?
The cost of living in Lake Shore, MN is fairly reasonable compared to larger cities. The median home price in the area is $238,000 and the median rent for a two bedroom apartment is approximately $1,062 per month. Property taxes are also very low at around 0.75% of assessed value. With the low costs of housing and property taxes, residents enjoy a good quality of life for an affordable price. Additionally, the average cost for groceries and other day-to-day items in the area is about 8% less than the national average.