Housing costs in Vermillion?
A typical home costs
$294,800, which is 12.8% less expensive than the national average of
$338,100 and 4.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Vermillion 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 Vermillion?
To live comfortably in Vermillion, Minnesota, a minimum annual income of
$56,520 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Vermillion?
Vermillion, MN is an affordable place to live. The cost of living index in the town is 7% below the national average, and the median home price is around $186,400. Groceries, housing, utilities, transportation and healthcare are all notably lower than most other areas. In addition, Vermillion is home to several major employers that offer great job opportunities with competitive salaries and benefits packages. Residents enjoy both excellent employment options and great value for their money.