Housing costs in Bagley?
A typical home costs
$173,000, which is 48.8% less expensive than the national average of
$338,100 and 44.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bagley costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Bagley?
To live comfortably in Bagley (zip 56621), Minnesota, a minimum annual income of
$33,120 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Bagley?
Living in 56621 Bagley, MN is relatively affordable compared to other parts of the country. The cost of living index is 69.3, which is 19.7 points lower than the national average and makes it an attractive option for those looking to save money. Housing costs are particularly low in this area, with a median listing price of $79,000, well below the national average of $226,800. The median rent price is also quite reasonable at $814 per month. Utility costs are also very affordable in Bagley due to its mild climate and availability of natural resources such as hydroelectric power. Overall, 56621 Bagley, MN provides an excellent opportunity for people looking for a more cost effective way of life.