Housing costs in Elmore?
A typical home costs
$60,000, which is 82.3% less expensive than the national average of
$338,100 and 80.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Elmore costs
$670 per month, which is 53.1% cheaper than the national average of
$1,430 and 85.1% cheaper than the state average of
$1,240.
Can I afford Elmore?
To live comfortably in Elmore (zip 56027), Minnesota, a minimum annual income of
$11,520 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Elmore?
The cost of living in 56027 Elmore, MN is quite reasonable compared to many other parts of the country. The median home price in the area is around $155,000, which means that it can be quite affordable for people looking to purchase a home. Renters benefit from a relatively low average rent of around $1,100 per month. Taxes in the area are also relatively low compared to other parts of the country and with a lower cost of living overall, residents are able to stretch their paychecks further than they would elsewhere.