Housing costs in Owatonna?
A typical home costs
$249,400, which is 26.2% less expensive than the national average of
$338,100 and 19.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Owatonna costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 31.9% cheaper than the state average of
$1,240.
Can I afford Owatonna?
To live comfortably in Owatonna Minnes Metro Area, Minnesota, a minimum annual income of
$47,880 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Owatonna?
The cost of living in Owatonna, MN Metro Area is 83.9, which is significantly lower than the US average of 100. This is great news for potential homeowners as they can expect to pay much less for housing compared to the national average. The median house value in Owatonna, MN Metro Area is $249,400 compared to the US average of $338,100 - that's a difference of over $88,000! Combined with the lower cost of living, Owatonna offers an exciting opportunity for anyone looking for an affordable place to call home.