Housing costs in Little Falls?
A typical home costs
$223,500, which is 33.9% less expensive than the national average of
$338,100 and 27.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Little Falls 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 Little Falls?
To live comfortably in Little Falls, Minnesota, a minimum annual income of
$42,840 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Little Falls?
The cost of living in Little Falls, MN is quite affordable. The median home value is just under $132,000 and the median household income is around $46,400. Groceries and other expenses are considerably low compared to many other parts of the United States. Residents also enjoy low taxes, with no city or county sales tax and a moderate property tax rate. Additionally, utilities are some of the lowest in the region with electricity rates being nearly 25% lower than the national average. With so many great benefits to living here, it's easy to understand why Little Falls is such a great place to call home.