Housing costs in Tower?
A typical home costs
$283,600, which is 16.1% less expensive than the national average of
$338,100 and 8.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Tower costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Tower?
To live comfortably in Tower, Minnesota, a minimum annual income of
$54,360 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Tower?
The cost of living in Tower, MN is relatively low compared to other cities in the area. The median home value is around $171,900 and the median household income is $45,154. This means families have a good amount of buying power in this community. Additionally, the area has a lot of nearby amenities like parks, shopping malls, and restaurants to enjoy. Overall, Tower offers an affordable lifestyle that can be enjoyed by all.