Housing costs in Erhard?
A typical home costs
$277,400, which is 18.0% less expensive than the national average of
$338,100 and 10.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Erhard costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 40.9% cheaper than the state average of
$1,240.
Can I afford Erhard?
To live comfortably in Erhard (zip 56534), Minnesota, a minimum annual income of
$53,280 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Erhard?
The cost of living in 56534 Erhard, MN is quite reasonable. The overall cost of living index is just below the national average at 98.3, with housing prices being particularly affordable due to their median value standing at $124,800. Furthermore, the area has a low unemployment rate of 2.6%. As a result, most people find it relatively easy to make ends meet and enjoy a comfortable lifestyle without breaking the bank. Grocery prices are slightly higher than the national average but are still very manageable. Overall, 56534 Erhard is an ideal place for those looking for an affordable place to live in Minnesota.