Housing costs in Spring Lake?
A typical home costs
$581,600, which is 72.0% more expensive than the national average of
$338,100 and 87.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Spring Lake costs
$1,450 per month, which is 1.4% more than the national average of
$1,430 and 14.5% more than the state average of
$1,240.
Can I afford Spring Lake?
To live comfortably in Spring Lake, Minnesota, a minimum annual income of
$111,600 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Spring Lake?
The cost of living in Spring Lake, MN is quite reasonable. The median home price in the city is just over $100,000, which is much lower than the United States national average. Renting an apartment or house in Spring Lake is also relatively affordable compared to other cities in Minnesota. Grocery costs are slightly higher than the state average due to the small size of the town, but overall prices remain reasonable for most goods and services. Utility bills can be high during summer months due to the hot weather, but are generally manageable all year round. Overall, Spring Lake offers a great quality of life at an affordable price point for those looking for a quiet place to call home.