Housing costs in Riverton?
A typical home costs
$116,000, which is 65.7% less expensive than the national average of
$338,100 and 62.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Riverton costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 27.8% cheaper than the state average of
$1,240.
Can I afford Riverton?
To live comfortably in Riverton, Minnesota, a minimum annual income of
$22,320 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Riverton?
Riverton, MN is an affordable place to live. The cost of living in Riverton is relatively low compared to the surrounding areas and other cities in Minnesota. The median home price in Riverton is around $204,000, which is significantly lower than the average across Minnesota which sits at $248,700. The monthly median rent in Riverton stands at $1,085 while the monthly median rent across Minnesota comes in just shy of $1,500. Groceries are also more affordable here as well; according to BestPlaces, an online price comparison website, groceries cost an average of 7% lower in Riverton than elsewhere in Minnesota.