Housing costs in Felton?
A typical home costs
$215,400, which is 36.3% less expensive than the national average of
$338,100 and 30.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Felton costs
$910 per month, which is 26.6% cheaper than the national average of
$1,240 and close to the state average of
$910.
Can I afford Felton?
To live comfortably in Felton (zip 56536), Minnesota, a minimum annual income of
$41,400 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Felton?
The cost of living in 56536 Felton, MN is relatively low compared to other cities in the US. The median home value is around $168,600 which is much lower than the national average of $219,700. The median household income is around $60,271 and transportation costs are reasonable due to the access to public transit. Food prices are also quite affordable as there are many local markets and grocery stores that offer competitive prices. Additionally, housing costs are quite low with average monthly rent being around $1,400 for a 1-bedroom apartment and utilities are usually very affordable as well. All in all, 56536 Felton, MN offers citizens a cost of living that makes it an attractive option for those looking for a more budget-friendly place to live.