Housing costs in East Grand Forks?
A typical home costs
$249,100, which is 26.3% less expensive than the national average of
$338,100 and 19.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in East Grand Forks costs
$840 per month, which is 32.3% cheaper than the national average of
$1,240 and 6.0% cheaper than the state average of
$890.
Can I afford East Grand Forks?
To live comfortably in East Grand Forks (zip 56721), Minnesota, a minimum annual income of
$47,880 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about East Grand Forks?
The cost of living in 56721 East Grand Forks, MN is relatively low compared to other parts of the country. The median household income in the city is approximately $53,965, which is slightly lower than the national average. However, housing costs are very affordable with a median home price of $140,700. This relatively low cost can be attributed to a variety of factors such as a large student population and the presence of many non-profit organizations and government agencies. Additionally, transportation costs are also quite reasonable due to access to public transit and a short distance from major employment centers like Minneapolis. All of these factors combined make 56721 East Grand Forks an attractive option for those looking to move into the area.