Housing costs in Medina?
A typical home costs
$731,300, which is 116.3% more expensive than the national average of
$338,100 and 136.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Medina costs
$1,830 per month, which is 28.0% more than the national average of
$1,430 and 32.2% more than the state average of
$1,240.
Can I afford Medina?
To live comfortably in Medina, Minnesota, a minimum annual income of
$140,040 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Medina?
The cost of living in Medina, MN is quite reasonable compared to bigger cities. The median home value is $394,300, which is slightly higher than the national average. However, the median household income for Medina is around $101,200 and the median rent for a one-bedroom apartment averages around $1,200. These costs make living in Medina more affordable than many larger cities when considering the robust job market and numerous amenities available in the city. Additionally, groceries are fairly priced with many local grocery stores offering competitive prices.