Housing costs in Forest Lake?
A typical home costs
$381,200, which is 12.7% more expensive than the national average of
$338,100 and 23.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Forest Lake costs
$1,380 per month, which is 11.3% more than the national average of
$1,240 and close to the state average of
$1,400.
Can I afford Forest Lake?
To live comfortably in Forest Lake (zip 55025), Minnesota, a minimum annual income of
$73,080 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Forest Lake?
The cost of living in 55025 Forest Lake, MN is quite affordable. Housing costs are much lower than the US average, with a median home value of around $210,000. The median rental cost is also relatively low at just under $1,200 per month. The overall cost of living index is lower than the national average as well, making it a great place to live for those who want to save money. Groceries and utilities are also very reasonable compared to other places in the country. All in all, Forest Lake provides an excellent quality of life at an affordable price.