Housing costs in Wood Lake?
A typical home costs
$135,100, which is 60.0% less expensive than the national average of
$338,100 and 56.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Wood Lake costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford Wood Lake?
To live comfortably in Wood Lake, Minnesota, a minimum annual income of
$25,920 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Wood Lake?
Wood Lake, MN has a fairly low cost of living compared to the national average. In fact, according to the Cost of Living Index, it is 8% lower than the national average. The median house value in Wood Lake is $112,100, which is much lower than many other cities in Minnesota and across the US. Additionally, housing costs are 7% lower than the national average and utilities are 5% lower. Groceries cost about 4% more than the national average but overall, living in Wood Lake can be quite affordable when compared to other locations in Minnesota and around the country.