Housing costs in Barnum?
A typical home costs
$224,200, which is 33.7% less expensive than the national average of
$338,100 and 27.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Barnum costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$1,240.
Can I afford Barnum?
To live comfortably in Barnum (zip 55707), Minnesota, a minimum annual income of
$42,840 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Barnum?
The cost of living in 55707 Barnum, MN is relatively affordable. The median home price in the area is around $90,000, which is quite reasonable for a small town in Minnesota. Local groceries and restaurants tend to be moderately priced, with many options available for dining out or getting takeout. Utilities are also reasonably priced, and the average monthly utility bill tends to be lower compared to other parts of the state. In addition, there is no income tax in Minnesota, making it an attractive option for those looking to live on a budget. All in all, 55707 Barnum offers a relatively low cost of living compared to other areas of the state.