Housing costs in Traverse?
A typical home costs
$318,200, which is 5.9% less expensive than the national average of
$338,100 and 2.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Traverse costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$1,240.
Can I afford Traverse?
To live comfortably in Traverse, Minnesota, a minimum annual income of
$60,840 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Traverse?
The cost of living in Traverse, MN is relatively low compared to other areas in the country. The median home price in Traverse is well below the national average and the cost of groceries, transportation, and other goods is also quite reasonable. Additionally, taxes are quite low in this area which helps keep the overall cost of living down. This makes Traverse an attractive place for those looking to live comfortably on a budget.