Housing costs in Fergus Falls?
A typical home costs
$283,400, which is 16.2% less expensive than the national average of
$338,100 and 8.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Fergus Falls costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 44.2% cheaper than the state average of
$1,240.
Can I afford Fergus Falls?
To live comfortably in Fergus Falls Minnes Metro Area, Minnesota, a minimum annual income of
$54,360 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Fergus Falls?
The cost of living in Fergus Falls, MN Metro Area is relatively low compared to the US average. With an index of 87.9 compared to the US average of 100, it is approximately 12% lower than the national average. This means that residents can expect to pay less for basic goods and services throughout the area such as housing, food, transportation costs, and other necessary expenses. The median house value in Fergus Falls is $283,400 which is significantly lower than the US average of $338,100. Therefore, Fergus Falls offers its residents low costs and high affordability making it an ideal place to call home.