Housing costs in Milaca?
A typical home costs
$196,400, which is 41.9% less expensive than the national average of
$338,100 and 36.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Milaca costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 5.1% cheaper than the state average of
$1,240.
Can I afford Milaca?
To live comfortably in Milaca, Minnesota, a minimum annual income of
$37,800 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Milaca?
The cost of living in Milaca, MN is relatively affordable compared to many other cities in the United States. According to data from Sperling's Best Places, the cost of living index in Milaca is at 97.9, which means that the overall cost of living is 2.1% lower than the national average. The housing costs are particularly low, with median home prices just over $167,000 and rent prices ranging from $750-1000 per month for a two bedroom apartment. Utilities are also relatively inexpensive with an average monthly bill coming in at around $53. Groceries and transportation costs are also very reasonable with an average grocery bill for a family of four running around $400/month and gas falling under $2/gallon on average. All these factors combine to make Milaca an affordable place to live for families or individuals alike.