Housing costs in Sibley?
A typical home costs
$275,300, which is 18.6% less expensive than the national average of
$338,100 and 11.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Sibley 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 Sibley?
To live comfortably in Sibley, Minnesota, a minimum annual income of
$52,920 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Sibley?
The cost of living in Sibley, MN is slightly lower than the national average. Although housing prices are generally lower than the national median, the overall cost of living is driven up by higher-than-average prices for food and goods. It's important to note that due to Sibley’s small population and low job opportunities, many of these costs may be more expensive in comparison to neighboring cities with larger populations and more economic opportunities. Despite this, Sibley remains a great place to live due to its scenic beauty and low crime rate.