Housing costs in Canyon?
A typical home costs
$279,400, which is 17.4% less expensive than the national average of
$338,100 and 9.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Canyon costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 12.7% more than the state average of
$1,240.
Can I afford Canyon?
To live comfortably in Canyon (zip 55717), Minnesota, a minimum annual income of
$53,640 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Canyon?
Living in 55717 Canyon, MN is an affordable option for many. The cost of living is 14.3% below the national average, which translates to a lower cost of goods and services compared to other places. In addition, housing prices are significantly lower than the rest of the state, with median home prices around $129,100. Renters can find 1 bedroom apartments for as low as $500 per month or 3 bedrooms for about $700 per month. Utilities are also relatively low, averaging just over $150 per month—a great relief from higher costs elsewhere in Minnesota. Overall, 55717 Canyon is a great option for those looking for an affordable place to live.