Housing costs in Nevada?
A typical home costs
$266,000, which is 21.3% less expensive than the national average of
$338,100 and 14.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Nevada costs
$990 per month, which is 30.8% more than the national average of
$1,430 and 25.3% more than the state average of
$1,240.
Can I afford Nevada?
To live comfortably in Nevada, Minnesota, a minimum annual income of
$51,120 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Nevada?
Nevada, MN has a cost of living that is reasonably affordable. The cost of housing is quite low compared to the national average, with median home values around $154,200 and monthly rent for a two-bedroom apartment averaging only $852. Additionally, basic groceries and other necessities are generally quite affordable in the area. Nevada, MN has very low utility costs as well, with electricity rates being nearly 10% lower than the national average. Overall, Nevada provides an excellent quality of life at an affordable price.