Housing costs in London?
A typical home costs
$227,200, which is 32.8% less expensive than the national average of
$338,100 and 26.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in London costs
$900 per month, which is 37.1% more than the national average of
$1,430 and 37.8% more than the state average of
$1,240.
Can I afford London?
To live comfortably in London, Minnesota, a minimum annual income of
$43,560 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about London?
The cost of living in London, MN is quite reasonable. According to BestPlaces, the cost of living index in London is 82.47 which is lower than the national average of 100. The city is known for its low housing costs, with the median home value being around $117,500 and rent averaging around $744 per month. Groceries and healthcare are also very affordable compared to most other places in the U.S., with groceries costing about 9% less than average and healthcare 15% less than average. All in all, London provides a great quality of life for those looking for an affordable place to live.