Housing costs in Mahnomen?
A typical home costs
$106,500, which is 68.5% less expensive than the national average of
$338,100 and 65.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mahnomen costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Mahnomen?
To live comfortably in Mahnomen, Minnesota, a minimum annual income of
$20,520 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Mahnomen?
Mahnomen, MN is an affordable place to live with a cost of living index that is 7% lower than the U.S. average. The median home price in Mahnomen is around $71,700, much below the U.S. median of $184,700. The median household income in Mahnomen is $43,993 which is slightly below the U.S. average of $55,322 but still allows for a comfortable lifestyle for its residents. Groceries, utilities and healthcare are all at least 7% cheaper than the national average while transportation costs are only 2% cheaper than average. All in all, Mahnomen offers a great quality of life at an affordable price point compared to other areas in the country.