Housing costs in Crane Lake?
A typical home costs
$329,500, which is 2.5% less expensive than the national average of
$338,100 and 6.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Crane Lake costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 26.5% cheaper than the state average of
$1,240.
Can I afford Crane Lake?
To live comfortably in Crane Lake (zip 55725), Minnesota, a minimum annual income of
$63,000 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Crane Lake?
The cost of living in 55725 Crane Lake, MN is relatively low compared to other areas of the United States. The median home price in the area is around $175,000, which is much lower than the national median home price of $231,200. Rental rates are also quite reasonable in the area, with a one bedroom apartment renting for an average of $700 per month and a three bedroom apartment renting for around $900. Groceries are also fairly affordable in this area; most items can be purchased at a lower cost than what you would find in larger cities. Additionally, transportation costs are quite reasonable with an average gallon of gas costing approximately $2.50 and public transportation options available as well. In short, 55725 Crane Lake offers affordability without sacrificing quality or convenience for its residents.