Housing costs in Waterford?
A typical home costs
$383,600, which is 13.5% more expensive than the national average of
$338,100 and 23.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Waterford costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 4.2% cheaper than the state average of
$1,240.
Can I afford Waterford?
To live comfortably in Waterford, Minnesota, a minimum annual income of
$73,440 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Waterford?
Waterford, MN has a relatively low cost of living compared to other cities. The median home value is $213,300, which is lower than the national average and the average rent in the city is also much lower than the national average. The city also has very reasonable taxes; its property tax rate is 0.9%, which is lower than most cities in Minnesota. Additionally, with no sales tax and an overall lower cost of goods and services, living in Waterford can be quite affordable for those looking to make a move to the area.