Housing costs in Thomson?
A typical home costs
$342,400, which is 1.3% more expensive than the national average of
$338,100 and 10.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Thomson costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 8.1% more than the state average of
$1,240.
Can I afford Thomson?
To live comfortably in Thomson, Minnesota, a minimum annual income of
$65,520 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Thomson?
Thomson Township, MN is an attractive place to live for those looking for a more affordable cost of living compared to some other parts of the state. Housing prices are significantly lower than the state average, with median home values just over $130,000 and average rents around $750 per month. Food costs in the area are also below average, as well as transportation and healthcare costs. The overall cost of living in Thomson township is approximately 6% below the national average, making it an ideal location for those wanting to save on expenses while still enjoying all that Minnesota has to offer.