Housing costs in New York Mills?
A typical home costs
$218,400, which is 35.4% less expensive than the national average of
$338,100 and 29.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New York Mills costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 40.9% cheaper than the state average of
$1,240.
Can I afford New York Mills?
To live comfortably in New York Mills, Minnesota, a minimum annual income of
$41,760 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about New York Mills?
New York Mills, MN has a relatively low cost of living compared to other cities in the US. The overall cost of living index is 77.7, which is lower than the national average of 100. Housing costs are particularly low in New York Mills; the median home price is just $81,400, and rent for a two-bedroom apartment averages around $700 per month. Transportation costs can also be kept reasonable with a variety of public transportation options available, including buses and trains. Groceries are typically more affordable in New York Mills than elsewhere in the US as well, with food prices 9% below the national average. Overall, New York Mills offers an excellent quality of life at a very affordable price for those looking to live within budget.