Housing costs in Balaton?
A typical home costs
$171,400, which is 49.3% less expensive than the national average of
$338,100 and 44.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Balaton costs
$850 per month, which is 31.5% cheaper than the national average of
$1,240 and 2.4% more than the state average of
$830.
Can I afford Balaton?
To live comfortably in Balaton (zip 56115), Minnesota, a minimum annual income of
$32,760 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Balaton?
Living in 56115 Balaton, MN is very affordable. The median home value is just under $90,000 and the cost of living is below the national average. Housing costs are low but still comparable to many cities and towns in the area. Groceries, transportation, and other living expenses are also low compared to other parts of the country, allowing residents to save money on everyday expenses. Overall, 56115 Balaton offers a great quality of life at an affordable price tag.