Housing costs in New Market?
A typical home costs
$610,700, which is 80.6% more expensive than the national average of
$338,100 and 97.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New Market costs
$1,750 per month, which is 22.4% more than the national average of
$1,430 and 29.1% more than the state average of
$1,240.
Can I afford New Market?
To live comfortably in New Market, Minnesota, a minimum annual income of
$117,000 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about New Market?
New Market, MN is an affordable place to live. The average cost of a home in the city is around $170,000. This is much lower than the national average, and rent for apartments and homes are also much less expensive than nearby cities. For those looking to save money or start a family on a budget, New Market is definitely a great option. Groceries and other living expenses such as transportation costs are also quite low compared to other parts of Minnesota. In short, New Market offers its residents an affordable lifestyle with plenty of opportunity for growth.