Housing costs in Ponemah?
A typical home costs
$104,300, which is 69.2% less expensive than the national average of
$338,100 and 66.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ponemah costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$1,240.
Can I afford Ponemah?
To live comfortably in Ponemah, Minnesota, a minimum annual income of
$20,160 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Ponemah?
The cost of living in Ponemah, MN is relatively low compared to many other parts of the country. Housing prices are well below the national average, and groceries are also much cheaper than in most cities. Utilities such as electricity, water, and gas are priced competitively with other areas throughout Minnesota. In addition, there is no state income tax in the state of Minnesota, which further adds to the savings enjoyed by those who live in Ponemah. All in all, it is an ideal place for individuals or families looking for a low-cost living arrangement without sacrificing quality of life.