Housing costs in Biwabik?
A typical home costs
$107,400, which is 68.2% less expensive than the national average of
$338,100 and 65.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Biwabik costs
$820 per month, which is 33.9% cheaper than the national average of
$1,240 and 31.7% cheaper than the state average of
$1,080.
Can I afford Biwabik?
To live comfortably in Biwabik (zip 55708), Minnesota, a minimum annual income of
$20,520 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Biwabik?
The cost of living in 55708 Biwabik, MN is quite reasonable. According to BestPlaces's Cost of Living index, the cost of living in Biwabik is almost 13% lower than the average for the state of Minnesota and nearly 11% lower than the national average. Groceries are especially affordable, as they are about 10% cheaper than the statewide and national averages. The median home value in Biwabik is also very reasonable at just over $130,000, which is roughly 13% less than Minnesota's median value and 8% less than the U.S.'s value. All in all, 55708 Biwabik, MN offers a great quality of life at an affordable price.