Housing costs in Austin?
A typical home costs
$166,400, which is 50.8% less expensive than the national average of
$338,100 and 46.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Austin costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 27.8% cheaper than the state average of
$1,240.
Can I afford Austin?
To live comfortably in Austin Minnes Metro Area, Minnesota, a minimum annual income of
$32,040 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in Austin, MN Metro Area is significantly lower than the US average. According to data from the US Census Bureau, the cost of living in Austin is 75.8, compared to a national average of 100. This means that residents of Austin can expect to pay less for typical goods and services when compared with other cities across the country. Additionally, this may be beneficial for homeowners as well, as the median house value in Austin is $166,400 versus the US average of $338,100. This could mean more affordable housing options for potential home buyers looking to relocate to Austin.