Housing costs in Paddock?
A typical home costs
$284,200, which is 15.9% less expensive than the national average of
$338,100 and 8.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Paddock costs
$840 per month, which is 41.3% more than the national average of
$1,430 and 47.6% more than the state average of
$1,240.
Can I afford Paddock?
To live comfortably in Paddock, Minnesota, a minimum annual income of
$54,360 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Paddock?
The cost of living in Paddock, MN is quite reasonable. Housing costs are typically lower than the national average, as are transportation and food costs. Utilities tend to be slightly more expensive than other areas due to higher taxes, but overall living expenses are still well below the national average. Education is also affordable in Paddock with excellent public schools and numerous private institutions available. With a healthy local economy and low unemployment rate, Paddock offers an affordable place to live for both individuals and families alike.