Housing costs in North Oaks?
A typical home costs
$781,100, which is 131.0% more expensive than the national average of
$338,100 and 152.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in North Oaks costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 22.5% more than the state average of
$1,240.
Can I afford North Oaks?
To live comfortably in North Oaks, Minnesota, a minimum annual income of
$149,760 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about North Oaks?
The cost of living in North Oaks, MN is generally quite high. The median list price for homes in North Oaks is $853,000, with the median household income being over $200,000. This means that monthly expenses can be quite expensive for those living in this area. Renting an apartment is also quite costly, with the average rent running about $2,100 per month. Groceries and other necessities can also be pricey due to limited competition among local stores and businesses. Despite the high cost of living, many residents appreciate the quality of life North Oaks provides with its excellent schools and community amenities.