Housing costs in Winsted?
A typical home costs
$251,400, which is 25.6% less expensive than the national average of
$338,100 and 18.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Winsted costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$1,240.
Can I afford Winsted?
To live comfortably in Winsted, Minnesota, a minimum annual income of
$48,240 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Winsted?
The cost of living in Winsted, MN is relatively low compared to other parts of the state. The median housing price for a home in Winsted is around $142,000, which is considerably lower than the national average of $229,700. Additionally, the cost of groceries and health care are lower than both Minnesota's and the country's averages. Utilities costs can be higher due to the cold climate during winter months but overall they are still slightly below the US average. In general, Winsted offers an affordable cost of living that makes it an ideal location for those looking to save money while living comfortably.