Housing costs in Montevideo?
A typical home costs
$170,700, which is 49.5% less expensive than the national average of
$338,100 and 44.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Montevideo costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Montevideo?
To live comfortably in Montevideo, Minnesota, a minimum annual income of
$32,760 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Montevideo?
The cost of living in Montevideo, MN is generally considered to be lower than the national average. Housing costs are typically quite reasonable, with the median home value sitting at around $86,000 and rental rates also being relatively low. Groceries and other necessities are likewise fairly priced, making it an attractive option for those looking for an affordable place to live. Additionally, the local economy is strong with plenty of job opportunities in a variety of fields allowing residents to enjoy a good quality of life without having to break their budget.