Housing costs in Stanchfield?
A typical home costs
$340,700, which is 0.8% more expensive than the national average of
$338,100 and 10.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Stanchfield costs
$1,830 per month, which is 28.0% more than the national average of
$1,430 and 32.2% more than the state average of
$1,240.
Can I afford Stanchfield?
To live comfortably in Stanchfield, Minnesota, a minimum annual income of
$65,160 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Stanchfield?
The cost of living in Stanchfield, MN is quite favorable compared to the national average. In fact, according to Sperling's Best Places, the cost of living index for Stanchfield is 75.7, which is 25.3 points lower than the U.S. average of 100. This means that housing costs in particular are relatively low; median home prices in Stanchfield range from $200,000-250,000 while the median rent per month is just over a thousand dollars. Furthermore, groceries and utilities are also cheaper than most other places in the country since they are both below the national average by about 12%. With these factors in mind, it's clear that Stanchfield offers a much more affordable cost of living than many other cities throughout the U.S., making it an ideal choice for anyone looking to stay within a budget.