Housing costs in St. Michael?
A typical home costs
$401,000, which is 18.6% more expensive than the national average of
$338,100 and 29.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in St. Michael costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 8.8% more than the state average of
$1,240.
Can I afford St. Michael?
To live comfortably in St. Michael, Minnesota, a minimum annual income of
$76,680 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about St. Michael?
St. Michael, MN is a great place to live with a low cost of living. The overall cost of living in St. Michael is 6% lower than the national average and housing costs are even lower than the rest of the United States. Home values and rents are both on the lower end, allowing for more affordable living options for those looking to move into the area. Additionally, utilities and other essential services are also notably cheaper than in neighboring cities, making it an attractive destination for those looking to save money while still enjoying all that St. Michael has to offer.