Housing costs in Cotton?
A typical home costs
$200,500, which is 40.7% less expensive than the national average of
$338,100 and 35.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cotton costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 12.7% cheaper than the state average of
$1,240.
Can I afford Cotton?
To live comfortably in Cotton (zip 55724), Minnesota, a minimum annual income of
$38,520 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Cotton?
The cost of living in 55724 Cotton, MN is relatively affordable compared to other parts of the country. The median home value in 55724 is $120,320 which is lower than the national average. The median household income in 55724 is $54,868 which makes it an ideal location for those looking to live a comfortable lifestyle on a budget. Grocery and commodities are also reasonably priced and there are plenty of local stores that offer discounts for residents. Additionally, utility costs are moderate and transportation costs are relatively low due to the abundance of public transport options. Overall, it's an excellent place to live for those who want to enjoy a high quality of life without breaking their finances.