Housing costs in Lincoln township (Blue Earth County)?
A typical home costs
$334,600, which is 1.0% less expensive than the national average of
$338,100 and 8.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lincoln township (Blue Earth County) costs
$930 per month, which is 35.0% more than the national average of
$1,430 and 33.3% more than the state average of
$1,240.
Can I afford Lincoln township (Blue Earth County)?
To live comfortably in Lincoln township (Blue Earth County), Minnesota, a minimum annual income of
$64,080 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Lincoln township (Blue Earth County)?
The cost of living in Lincoln Township, Blue Earth County, Minnesota is quite affordable compared to other cities. The median home price in the area is $169,000, which is well below the national average of $231,200. Property taxes are also lower than the rest of the state with a median effective tax rate of 1.90%. Additionally, utilities are more affordable with an average monthly electricity bill that runs around $85. In comparison to nearby cities like Mankato or Rochester, the cost of living in Lincoln Township is much more desirable and makes it a great place to live for those looking for an affordable yet enjoyable lifestyle.