Housing costs in Vernon?
A typical home costs
$410,600, which is 21.4% more expensive than the national average of
$338,100 and 32.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Vernon costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 22.8% cheaper than the state average of
$1,240.
Can I afford Vernon?
To live comfortably in Vernon, Minnesota, a minimum annual income of
$78,840 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Vernon?
The cost of living in Vernon, MN is quite affordable compared to other areas of the country. The median home value is around $192,000, which is lower than the national average of $231,200. Additionally, the median household income in Vernon is around $59,922 a year and the cost of living index is at 97.2, making it more affordable than many other places in the United States. Groceries are usually cheaper than average as well, with prices on staples like eggs and milk being below national averages. Overall, Vernon offers an affordable lifestyle for those looking to settle in a rural town with plenty of amenities available nearby.