Housing costs in Austin?
A typical home costs
$159,400, which is 52.9% less expensive than the national average of
$338,100 and 48.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Austin costs
$970 per month, which is 21.8% cheaper than the national average of
$1,240 and close to the state average of
$970.
Can I afford Austin?
To live comfortably in Austin (zip 55912), Minnesota, a minimum annual income of
$30,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Austin?
Austin, MN has an affordable cost of living. According to Best Places, the overall cost of living in Austin is 4% lower than the U.S. average. The median home cost in Austin is $138,500, which is significantly lower than the U.S. median at $229,700. Transportation costs are also low in Austin as the average commute time for residents stands at just 14 minutes - much lower than the national average of 26 minutes. Groceries and health care costs in Austin are also much lower than the national averages, while utilities such as electricity and natural gas remain on par with those seen across the country. As a result, 55912 Austin offers great value for money with its low cost of living.