Housing costs in Pine Island?
A typical home costs
$331,800, which is 1.9% less expensive than the national average of
$338,100 and 7.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Pine Island costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 9.7% cheaper than the state average of
$1,240.
Can I afford Pine Island?
To live comfortably in Pine Island, Minnesota, a minimum annual income of
$63,720 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Pine Island?
Pine Island, MN is known for its low cost of living. The median household income is about $50,000, and the median home value is approximately $160,000. Additionally, the cost of living index in Pine Island is far lower than the national average—at 92.7 compared to the national average of 100. Housing costs are particularly low in Pine Island—the median monthly rent for a one-bedroom apartment is just over $700 per month, and utilities are generally lower than the national average as well. All in all, living in Pine Island means an affordable cost of living with all the amenities of a small town environment.