Housing costs in Freeport?
A typical home costs
$315,800, which is 6.6% less expensive than the national average of
$338,100 and 2.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Freeport costs
$1,020 per month, which is 17.7% cheaper than the national average of
$1,240 and 4.9% more than the state average of
$970.
Can I afford Freeport?
To live comfortably in Freeport (zip 56331), Minnesota, a minimum annual income of
$60,480 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Freeport?
The cost of living in Freeport, MN (zip code 56331) is relatively low compared to other areas of the country. The median household income in the area is around $49,800, which is significantly lower than the U.S. median household income of $61,937. This means that it is possible to live comfortably on a lower budget than many other parts of the country. The overall cost of living index for Freeport is 86.1, meaning it’s 14% cheaper to live in Freeport than in other parts of the US on average; however, housing prices can be expensive when compared to incomes due to the limited availability of homes and apartments in the area.