Housing costs in North Branch?
A typical home costs
$306,500, which is 9.3% less expensive than the national average of
$338,100 and 1.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in North Branch costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$1,240.
Can I afford North Branch?
To live comfortably in North Branch, Minnesota, a minimum annual income of
$58,680 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about North Branch?
The cost of living in North Branch, MN is generally considered to be lower than the national average. Property taxes are relatively low compared to other cities in the state, and housing costs are also very affordable. The median home value is just over $180,000 and the median rent is around $1,400 per month. Other expenses such as utilities, transportation and healthcare tend to be on par with similar cities across the country. Overall, those looking for an affordable place to live will find that North Branch fits their needs perfectly.