Housing costs in Boyd?
A typical home costs
$240,200, which is 29.0% less expensive than the national average of
$338,100 and 22.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Boyd costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 59.0% cheaper than the state average of
$1,240.
Can I afford Boyd?
To live comfortably in Boyd (zip 56218), Minnesota, a minimum annual income of
$46,080 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Boyd?
Living in 56218 Boyd, MN can be quite affordable. The median home value is $117,100 and the median rent is $683, which are both far below the national averages. The cost of living index in 56218 Boyd is 86 compared to the national average of 100. This means that overall living costs in 56218 Boyd are 14% lower than the national average – making it an ideal place for those looking for a good deal on their housing and lifestyle costs. Groceries, healthcare, and utilities also tend to be much cheaper in 56218 Boyd than elsewhere in the country.