Housing costs in Morristown township?
A typical home costs
$475,500, which is 40.6% more expensive than the national average of
$338,100 and 53.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Morristown township costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$1,240.
Can I afford Morristown township?
To live comfortably in Morristown township, Minnesota, a minimum annual income of
$91,080 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Morristown township?
Morristown Township, MN has a slightly higher than average cost of living compared to the rest of the state. The median home value in Morristown is roughly $176,000, which is almost 10% higher than the state's median home value. Food prices in the area are also slightly higher than other areas in Minnesota. While this may seem like an expensive place to live, there are still many affordable options available for those on a budget. Utility costs and transportation costs are both relatively low, making Morristown Township more affordable overall.