Housing costs in Montevideo?
A typical home costs
$163,800, which is 51.6% less expensive than the national average of
$338,100 and 47.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Montevideo costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford Montevideo?
To live comfortably in Montevideo (zip 56265), Minnesota, a minimum annual income of
$31,320 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Montevideo?
The cost of living in 56265 Montevideo, MN is quite reasonable. The median home value in the city is around $106,000, which is far lower than the national median of $217,600. Additionally, monthly rent for a one-bedroom apartment averages around $500, while utilities typically cost around an additional $100 per month. Groceries are also relatively affordable and taxes are low. All of these factors combine to make living in Montevideo a great choice for those looking for an affordable place to live.