Housing costs in Elko New Market?
A typical home costs
$445,200, which is 31.7% more expensive than the national average of
$338,100 and 43.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Elko New Market costs
$1,630 per month, which is 31.5% more than the national average of
$1,240 and 14.1% more than the state average of
$1,400.
Can I afford Elko New Market?
To live comfortably in Elko New Market (zip 55020), Minnesota, a minimum annual income of
$85,320 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Elko New Market?
The cost of living in 55020 Elko New Market, MN is relatively low compared to the national average. The median household income is lower than the national average, but the median home price is well below the national median. The overall cost of goods and services in Elko New Market is also lower than the US average. Additionally, housing expenses are low, with a median rent of $1,062 per month being below the US median rent price. This makes Elko New Market an attractive destination for those looking for a low-cost place to live.