Housing costs in Stanley?
A typical home costs
$265,000, which is 21.6% less expensive than the national average of
$338,100 and 14.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Stanley costs
$850 per month, which is 40.6% more than the national average of
$1,430 and 45.9% more than the state average of
$1,240.
Can I afford Stanley?
To live comfortably in Stanley, Minnesota, a minimum annual income of
$50,760 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Stanley?
The cost of living in Stanley, MN is quite affordable. The median home price is $117,000, which is lower than the national median of $219,700. Additionally, the average monthly rent for a two-bedroom apartment in Stanley is $581 per month—less than half the national average of $1,192. Utilities such as electricity and natural gas also tend to be cheaper in Stanley compared to other parts of the country. Furthermore, groceries are relatively inexpensive, with the average household spending an average of $2,970 per year—less than the U.S. annual average of $3,459. All in all, living in Stanley is quite affordable for both renters and homeowners alike.