Housing costs in Lanesboro?
A typical home costs
$203,300, which is 39.9% less expensive than the national average of
$338,100 and 34.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lanesboro 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 Lanesboro?
To live comfortably in Lanesboro, Minnesota, a minimum annual income of
$38,880 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Lanesboro?
The cost of living in Lanesboro, MN is relatively low compared to the national average. Housing costs are especially affordable, with the median list price for a home in Lanesboro being around $190,000. This makes it an attractive option for those looking to move to a new city without breaking the bank. Utility bills tend to run lower than other cities as well, which means more money saved each month. Overall, the cost of living in Lanesboro is quite reasonable and can make it an ideal place to live for people on a budget.