Housing costs in New Sweden?
A typical home costs
$303,500, which is 10.2% less expensive than the national average of
$338,100 and 1.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New Sweden costs
$950 per month, which is 33.6% more than the national average of
$1,430 and 30.5% more than the state average of
$1,240.
Can I afford New Sweden?
To live comfortably in New Sweden, Minnesota, a minimum annual income of
$58,320 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about New Sweden?
The cost of living in New Sweden, MN is slightly below the national average. The median home value in New Sweden is $136,400, with 60.8% of homes being owner-occupied. It is estimated that the median household income is around $46,700 and the unemployment rate is currently 5.2%. Additionally, housing costs are quite reasonable with a median monthly rent of just $713. All in all, these economic indicators make New Sweden an attractive and affordable option for those looking to purchase or rent a home in Minnesota.