Housing costs in Deer River?
A typical home costs
$209,500, which is 38.0% less expensive than the national average of
$338,100 and 32.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Deer River costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 31.9% cheaper than the state average of
$1,240.
Can I afford Deer River?
To live comfortably in Deer River (zip 56636), Minnesota, a minimum annual income of
$40,320 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Deer River?
The cost of living in 56636 Deer River, MN is relatively affordable for those who want to live in a rural area close to nature. The median home value in the area is $132,500, which is significantly lower than the state median of $227,600. Additionally, the median household income is significantly lower than the Minnesota state average at just over $38,000. Prices for basic commodities such as food and transportation are also quite low compared to other places in the state, making it an attractive option for those looking for more affordable housing options.