Housing costs in Ross Lake?
A typical home costs
$393,500, which is 16.4% more expensive than the national average of
$338,100 and 27.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ross Lake costs
$860 per month, which is 39.9% more than the national average of
$1,430 and 44.2% more than the state average of
$1,240.
Can I afford Ross Lake?
To live comfortably in Ross Lake, Minnesota, a minimum annual income of
$75,240 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Ross Lake?
Ross Lake, MN is a small rural town with a cost of living that is slightly lower than the national average. It provides an affordable way of life to its residents, making it an attractive location for those who are looking for an inexpensive place to live. The median home value in Ross Lake is around $160,000 which is significantly lower than the Minnesota state average. Other costs such as groceries and utilities also remain relatively low compared to other parts of the state. Overall, Ross Lake offers its citizens a comfortable standard of living at a price that won’t break the bank.