Housing costs in Midway township (St. Louis County)?
A typical home costs
$322,800, which is 4.5% less expensive than the national average of
$338,100 and 4.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Midway township (St. Louis County) costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 24.0% cheaper than the state average of
$1,240.
Can I afford Midway township (St. Louis County)?
To live comfortably in Midway township (St. Louis County), Minnesota, a minimum annual income of
$61,920 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Midway township (St. Louis County)?
The cost of living in Midway Township, St. Louis County, Minnesota is relatively low compared to the rest of the state and nation. The median home value in this area is $133,100 making it an affordable option for those looking to buy a home. In addition, the median household income is $51,541 and the average rental prices are fairly low at around $900 per month. Furthermore, the overall tax rate in the area is 6.86%, which is comparatively lower than other parts of the state and nation. Overall, Midway Township provides an affordable and comfortable living environment for its residents.