Housing costs in Millwood?
A typical home costs
$426,400, which is 26.1% more expensive than the national average of
$338,100 and 37.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Millwood costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 22.8% cheaper than the state average of
$1,240.
Can I afford Millwood?
To live comfortably in Millwood, Minnesota, a minimum annual income of
$81,720 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Millwood?
The cost of living in Millwood, MN is quite reasonable. The median home price in the area is around $200,000 and the median rent is just over $1,000 per month, making it a great place to live for people looking for an affordable place to call home. Groceries are also quite reasonably priced and there are plenty of restaurants and other amenities within easy reach of the city's center. Additionally, Millwood residents enjoy some of Minnesota's lowest taxes and utility costs, making it an even more appealing option for those looking to save money while still enjoying all the benefits of living in a vibrant community.