Housing costs in Montgomery?
A typical home costs
$266,300, which is 21.2% less expensive than the national average of
$338,100 and 14.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Montgomery costs
$1,100 per month, which is 11.3% cheaper than the national average of
$1,240 and 27.3% cheaper than the state average of
$1,400.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 56069), Minnesota, a minimum annual income of
$51,120 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 56069 Montgomery, MN is relatively low compared to other parts of the country. The median home price in this zip code is around $145,500, making it a great place for first-time homebuyers or those looking to relocate. The median household income in Montgomery is roughly $65,000 per year, and the unemployment rate is just over 4%. While necessary costs such as taxes are slightly higher than the national average, overall expenses like housing and transportation are quite reasonable. Additionally, there are plenty of inexpensive activities available nearby like parks and outdoor recreation areas.