Housing costs in Beaver Bay?
A typical home costs
$235,300, which is 30.4% less expensive than the national average of
$338,100 and 24.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Beaver Bay costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$1,240.
Can I afford Beaver Bay?
To live comfortably in Beaver Bay (zip 55601), Minnesota, a minimum annual income of
$45,000 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Beaver Bay?
The cost of living in 55601 Beaver Bay, MN is relatively affordable compared to the rest of the country. The median home value is $204,500, and the median rent price is only $746 per month. Other living expenses such as groceries, utilities and healthcare are also lower than the national average, making it a great place for those looking for an affordable lifestyle. Furthermore, the city's unemployment rate is only 3.8%, which means job opportunities are plentiful. All in all, 55601 Beaver Bay, MN offers a high quality of life at an affordable price point.