Housing costs in Paynesville?
A typical home costs
$189,200, which is 44.0% less expensive than the national average of
$338,100 and 38.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Paynesville costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 36.3% cheaper than the state average of
$1,240.
Can I afford Paynesville?
To live comfortably in Paynesville, Minnesota, a minimum annual income of
$36,360 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Paynesville?
The cost of living in Paynesville, MN is relatively low compared to other areas of the state. The median home value in Paynesville is around $154,000, which is significantly lower than the U.S. median home value at $226,800. Additionally, the median household income in Paynesville hovers around $58,754, while the national average sits at $61,937. This affordability combined with a generally warm and welcoming atmosphere makes Paynesville an attractive option for people looking to move out of larger cities into a more rural area with lower prices.