Housing costs in Buffalo Lake?
A typical home costs
$184,600, which is 45.4% less expensive than the national average of
$338,100 and 40.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Buffalo Lake costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Buffalo Lake?
To live comfortably in Buffalo Lake (zip 55314), Minnesota, a minimum annual income of
$35,280 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Buffalo Lake?
The cost of living in Buffalo Lake, MN (55314) is incredibly reasonable compared to other areas. The median home value in the city is $96,971 and the median household income is approximately $48,853. On top of that, the overall cost of living index is 94.2 which is lower than the national average. This means that everyday costs such as groceries, healthcare, and utilities are all significantly lower than other parts of the country. Additionally, property taxes and gas prices are also very low when compared to state averages. All these factors combine to make Buffalo Lake an attractive location for those seeking affordable housing options.