Housing costs in Oak?
A typical home costs
$365,900, which is 8.2% more expensive than the national average of
$338,100 and 18.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Oak costs
$980 per month, which is 31.5% more than the national average of
$1,430 and 26.5% more than the state average of
$1,240.
Can I afford Oak?
To live comfortably in Oak, Minnesota, a minimum annual income of
$70,200 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Oak?
The cost of living in Oak, MN is quite affordable. The median home price in the area is $200,000, which is significantly lower than many other places in the United States. Additionally, groceries and utilities tend to be cheaper than what you would find in bigger cities. Transportation costs are also relatively low, as there are several public transportation options available. All in all, Oak MN provides a great balance between affordability and quality of life.