Housing costs in Red Wing?
A typical home costs
$290,400, which is 14.1% less expensive than the national average of
$338,100 and 6.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Red Wing costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 34.8% cheaper than the state average of
$1,240.
Can I afford Red Wing?
To live comfortably in Red Wing Minnes Metro Area, Minnesota, a minimum annual income of
$55,800 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Red Wing?
The cost of living in Red Wing, MN Metro Area is 90.5, which is lower than the national average of 100. This may be due to the lower house median value of $290,400 compared to the US average of $338,100. Living in Red Wing can offer a more affordable way to live without sacrificing amenities or quality of life. The area boasts access to outdoor recreation opportunities and a variety of restaurants and shops that make it an excellent place to call home.