Housing costs in Pelican Rapids?
A typical home costs
$349,100, which is 3.3% more expensive than the national average of
$338,100 and 12.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Pelican Rapids costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 25.3% cheaper than the state average of
$1,240.
Can I afford Pelican Rapids?
To live comfortably in Pelican Rapids, Minnesota, a minimum annual income of
$66,960 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Pelican Rapids?
The cost of living in Pelican Rapids, MN is quite reasonable compared to other parts of the country. The median home value in the town is $128,400, which is lower than the national average. Additionally, the median household income in Pelican Rapids is lower than the national average, making it an affordable place to live for many people. Food and commodities are also cheaper here than elsewhere, so a budget-conscious family can make their money go farther.