Housing costs in Sturgeon Lake?
A typical home costs
$263,800, which is 22.0% less expensive than the national average of
$338,100 and 14.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Sturgeon Lake costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 17.0% cheaper than the state average of
$1,240.
Can I afford Sturgeon Lake?
To live comfortably in Sturgeon Lake, Minnesota, a minimum annual income of
$50,400 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Sturgeon Lake?
The cost of living in Sturgeon Lake, MN is relatively low compared to other cities in the state. The median home value is $146,253 and the median household income is around $51,932. Despite its small size and rural location, Sturgeon Lake residents enjoy a variety of amenities such as health care facilities, shopping centers, restaurants, recreational activities and more. Additionally, utilities are affordable with electricity rates lower than the national average. This provides great incentive for those looking to establish residency in the area who can benefit from a lower cost of living while still enjoying all the modern comforts found in larger towns and cities.