Housing costs in Cottonwood?
A typical home costs
$195,100, which is 42.3% less expensive than the national average of
$338,100 and 37.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cottonwood costs
$820 per month, which is 33.9% cheaper than the national average of
$1,240 and close to the state average of
$830.
Can I afford Cottonwood?
To live comfortably in Cottonwood (zip 56229), Minnesota, a minimum annual income of
$37,440 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Cottonwood?
The cost of living in 56229 Cottonwood, MN is relatively low compared to other parts of the nation. The median home price in the area is just over $150,000, which is far below the national average. In addition, transportation costs are also lower than many other areas. Fuel prices and insurance rates tend to be lower than in many other parts of Minnesota, and public transportation options are also available. Overall, Cottonwood residents have access to a comfortable lifestyle at an affordable cost.