Housing costs in Georgetown?
A typical home costs
$232,300, which is 31.3% less expensive than the national average of
$338,100 and 24.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Georgetown costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$1,240.
Can I afford Georgetown?
To live comfortably in Georgetown (zip 56546), Minnesota, a minimum annual income of
$44,640 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Georgetown?
The cost of living in 56546 Georgetown, MN is considered to be quite reasonable. The overall cost of living index for the area is about 94.2, which is 6.8 percent lower than the national average. This makes it an affordable area to live in for anyone looking to make their home in Minnesota. Housing costs are particularly attractive as the median home value is just over $157,000, which is significantly lower than many other parts of the country. In addition to housing costs, other everyday expenses such as groceries and utilities are also less expensive than many other areas throughout the nation. All of these factors make Georgetown a desirable location for those looking for an affordable place to call home.