Housing costs in Penn?
A typical home costs
$331,400, which is 2.0% less expensive than the national average of
$338,100 and 7.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Penn 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 Penn?
To live comfortably in Penn, Minnesota, a minimum annual income of
$63,360 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Penn?
The cost of living in Penn, MN is generally quite affordable. The median home value in the area is around $90,000, which makes it an attractive option for many young families and first-time home buyers. The cost of basic necessities such as food and utilities are also quite reasonable and significantly lower than the national average. Overall, the cost of living in Penn, MN is quite favorable compared to other similar towns in the region.