Housing costs in Farwell?
A typical home costs
$346,600, which is 2.5% more expensive than the national average of
$338,100 and 12.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Farwell costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 31.9% cheaper than the state average of
$1,240.
Can I afford Farwell?
To live comfortably in Farwell (zip 56327), Minnesota, a minimum annual income of
$66,240 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Farwell?
In 56327 Farwell, MN, the cost of living is relatively low. Groceries are especially affordable, with an index rating of 85.7 as compared to the national average of 100. Other than groceries, other essentials such as healthcare and utilities are also below the national average at approximately 96 and 97 respectively. Housing costs are relatively low here as well and the median home price in this zip code is $162,500. The overall cost of living in Farwell is 3% lower than the Minnesota state average and 17.5% lower than the national average, making it an attractive place to live for those looking for a more affordable lifestyle without sacrificing quality of life.