Housing costs in Alvarado?
A typical home costs
$152,100, which is 55.0% less expensive than the national average of
$338,100 and 50.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Alvarado costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 30.5% cheaper than the state average of
$1,240.
Can I afford Alvarado?
To live comfortably in Alvarado (zip 56710), Minnesota, a minimum annual income of
$29,160 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Alvarado?
The cost of living in 56710 Alvarado, MN is quite reasonable. The median home value in the area is around $105,100, meaning that it's more affordable than many other areas across the country. Additionally, the median household income in the area is just over $51,500 annually, providing a solid foundation for families and individuals to thrive. Groceries are fairly cheap and utilities are also lower than most areas of Minnesota. Finally, transportation costs are quite low due to the lack of congestion and traffic in 56710 Alvarado. All in all, the cost of living in 56710 Alvarado is very competitive compared to other parts of the state.