Housing costs in McGrath?
A typical home costs
$158,800, which is 53.0% less expensive than the national average of
$338,100 and 48.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in McGrath costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford McGrath?
To live comfortably in McGrath, Minnesota, a minimum annual income of
$30,600 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about McGrath?
The cost of living in McGrath, MN is fairly low compared to the national average. The median household income is just under $35,000, and the median home value is around $132,000. Renting a three-bedroom apartment in the city can be done for as little as $800 per month. Utilities are also relatively inexpensive compared to other locations in Minnesota. Food costs are lower than average as well, with many options available from local grocery stores and farmers markets. Living expenses tend to be lower than the state and national averages, making it an attractive location for those looking for a more affordable lifestyle.