Housing costs in Severance?
A typical home costs
$217,200, which is 35.8% less expensive than the national average of
$338,100 and 29.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Severance costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 24.0% cheaper than the state average of
$1,240.
Can I afford Severance?
To live comfortably in Severance, Minnesota, a minimum annual income of
$41,760 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Severance?
Living in Severance, MN is relatively affordable compared to other parts of the country. The cost of living index is lower than the national average and is comfortable for those on a tight budget. Average home prices are around $150,000, and rental properties can be found for as low as $850 per month. Utilities are considered low-cost in Severance, with electricity running households an average of $100-$115 per month. Groceries, gasoline, and health care costs all remain relatively low as well. As a result, many families choose to live in Severance due to its affordability and relative comfort.