Housing costs in Salem township (Olmsted County)?
A typical home costs
$412,900, which is 22.1% more expensive than the national average of
$338,100 and 33.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Salem township (Olmsted County) costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 2.4% more than the state average of
$1,240.
Can I afford Salem township (Olmsted County)?
To live comfortably in Salem township (Olmsted County), Minnesota, a minimum annual income of
$79,200 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Salem township (Olmsted County)?
Salem Township (Olmsted County) in Minnesota is a great place to live for those looking for the perfect balance between city life and small town living. The cost of living in Salem Township is slightly above the national average, but still relatively low compared to other townships in the area. Housing costs are relatively affordable with median home values being around $200,000. Taxes are also relatively low and utilities typically run around $150 per month. In addition, groceries and restaurant meals are fairly priced, making it easier for residents to make ends meet. All this adds up to Salem Township being an affordable and desirable place to live.