Housing costs in Spencer Brook?
A typical home costs
$414,500, which is 22.6% more expensive than the national average of
$338,100 and 33.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Spencer Brook 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 Spencer Brook?
To live comfortably in Spencer Brook, Minnesota, a minimum annual income of
$79,560 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Spencer Brook?
The cost of living in Spencer Brook, MN is quite reasonable compared to other areas in the state. In fact, it’s well below the national average for many expenses, particularly housing costs. On average, residents pay 27% less for their homes than those in the rest of Minnesota. Furthermore, groceries and local services are also much more affordable here than in other parts of the Midwest. All of this makes Spencer Brook a great place to live if you're looking for an affordable cost of living without sacrificing quality of life.