Housing costs in Chokio?
A typical home costs
$132,600, which is 60.8% less expensive than the national average of
$338,100 and 57.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Chokio costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Chokio?
To live comfortably in Chokio (zip 56221), Minnesota, a minimum annual income of
$25,560 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Chokio?
The cost of living in 56221 Chokio, MN is relatively low compared to the rest of the country. The median home value is $74,600, which is much lower than the national median home value of about $218,000. Similarly, the median rent in Chokio is just $527 per month while the national median rent is approximately $1,000 per month. Grocery prices are also quite reasonable with an overall index score that is only two points below the US average of 100. All these factors contribute to a low cost of living in Chokio that make it a desirable place for those seeking an affordable lifestyle.