Housing costs in Fergus Falls?
A typical home costs
$220,900, which is 34.7% less expensive than the national average of
$338,100 and 28.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Fergus Falls costs
$870 per month, which is 29.8% cheaper than the national average of
$1,240 and close to the state average of
$860.
Can I afford Fergus Falls?
To live comfortably in Fergus Falls (zip 56537), Minnesota, a minimum annual income of
$42,480 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Fergus Falls?
Living in 56537 Fergus Falls, MN can be quite affordable compared to many other areas of the United States. The median home value is around $128,000, which is quite a bit lower than the national median home value of $229,700. In addition, goods and services are relatively cheap compared to other states. Food, transportation, health care and utilities all cost less than the national average. Furthermore, there is no state income tax in Minnesota so this further reduces the expenses for those living in this zip code. All of these factors make 56537 Fergus Falls, MN an attractive option for those looking for an affordable place to live.