Housing costs in Floodwood?
A typical home costs
$141,800, which is 58.1% less expensive than the national average of
$338,100 and 54.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Floodwood costs
$820 per month, which is 33.9% cheaper than the national average of
$1,240 and 31.7% cheaper than the state average of
$1,080.
Can I afford Floodwood?
To live comfortably in Floodwood (zip 55736), Minnesota, a minimum annual income of
$27,000 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Floodwood?
Living in 55736 Floodwood, MN is relatively affordable. The cost of living index is 13% lower than the national average, and housing prices are 30% lower than the national median. With a median household income of $47,313 and an average home value of $112,800, Floodwood residents benefit from a high quality of life with low costs associated with it. Utilities are affordable as well; electricity rates are slightly lower than the state average while natural gas costs are about 8.5% higher. The area also offers an abundance of shopping options with stores such as Walmart Supercenter, Target, Cub Foods and Aldi all within easy driving distance.