Housing costs in Glenwood?
A typical home costs
$268,100, which is 20.7% less expensive than the national average of
$338,100 and 13.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Glenwood costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 37.8% cheaper than the state average of
$1,240.
Can I afford Glenwood?
To live comfortably in Glenwood (zip 56334), Minnesota, a minimum annual income of
$51,480 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Glenwood?
The cost of living in 56334 Glenwood, MN is relatively low compared to other parts of the country. The median household income is around $45,000 and the median home price is around $124,000. This means that many families are able to find affordable housing and take advantage of low interest rates on their mortgages. Additionally, there are a number of stores and restaurants in the area that offer reasonably priced items for daily necessities. The public transportation system is also relatively inexpensive with bus fare costing $2 per ride or $5 for an all-day pass, providing residents with an affordable way to get around town. Overall, the cost of living in 56334 Glenwood, MN allows residents to live comfortably while still remaining within their budget.