Housing costs in Faribault-Northfield?
A typical home costs
$309,900, which is 8.3% less expensive than the national average of
$338,100 and 0.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Faribault-Northfield costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 15.9% cheaper than the state average of
$1,240.
Can I afford Faribault-Northfield?
To live comfortably in Faribault-Northfield Minnes Metro Area, Minnesota, a minimum annual income of
$59,400 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Faribault-Northfield?
The cost of living in Faribault-Northfield, MN Metro Area is quite affordable compared to the national average. According to the US average Cost of Living Index, this area has a 93.1 rating, which is 7.9 points below the 100 point benchmark. This means that the cost of living is much more affordable than most locations across the country. Additionally, with a median house value of $309,900, it is significantly less expensive than other places in comparison to the US average house value of $338,100. As such, Faribault-Northfield is an attractive place to live and work due to its accessibility and affordability.