Housing costs in Ellendale?
A typical home costs
$251,400, which is 25.6% less expensive than the national average of
$338,100 and 18.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ellendale costs
$930 per month, which is 25.0% cheaper than the national average of
$1,240 and close to the state average of
$940.
Can I afford Ellendale?
To live comfortably in Ellendale (zip 56026), Minnesota, a minimum annual income of
$48,240 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Ellendale?
The cost of living in 56026 Ellendale, MN is quite affordable, with a median home price of $91,900 and an average monthly rent of $868 for a one-bedroom apartment. The overall cost of living in Ellendale is 1% lower than the U.S. average, making it a great place for those on a budget. Groceries are also quite affordable here, coming in at 3% below the national average. Property taxes are also quite reasonable here, averaging around 0.9% of the home’s value per year. As a result, life in Ellendale is both comfortable and affordable for residents of all income levels.