Housing costs in Ridgely?
A typical home costs
$350,700, which is 3.7% more expensive than the national average of
$338,100 and 13.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ridgely costs
$900 per month, which is 37.1% more than the national average of
$1,430 and 37.8% more than the state average of
$1,240.
Can I afford Ridgely?
To live comfortably in Ridgely, Minnesota, a minimum annual income of
$67,320 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Ridgely?
Ridgely, MN has an affordable cost of living. The city's overall cost of living index is 23% below the national average, making it one of the most economical places to live in Minnesota. Groceries, transportation, and health care all cost significantly less than in other parts of the state. Housing costs are also low compared to other cities, with a median home value that is over 10% lower than the national average. All these factors make Ridgely an excellent choice for those looking for a financially sound place to call home.