Housing costs in Elko New Market?
A typical home costs
$394,300, which is 16.6% more expensive than the national average of
$338,100 and 27.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Elko New Market costs
$1,490 per month, which is 20.2% more than the national average of
$1,240 and 6.0% more than the state average of
$1,400.
Can I afford Elko New Market?
To live comfortably in Elko New Market (zip 55054), Minnesota, a minimum annual income of
$75,600 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Elko New Market?
The cost of living in 55054 Elko New Market, MN is reasonable and affordable. The median home price for the area is around $252,500 which is slightly lower than the national average. In addition, the cost of groceries and utilities are also below the national average. Transportation costs are not a major factor as public transportation options are limited in Elko New Market. All in all, 55054 Elko New Market, MN offers an attainable cost of living that makes it an inviting place to live.