Housing costs in Graceville?
A typical home costs
$127,500, which is 62.3% less expensive than the national average of
$338,100 and 58.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Graceville costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Graceville?
To live comfortably in Graceville (zip 56240), Minnesota, a minimum annual income of
$24,480 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Graceville?
The cost of living in 56240 Graceville, MN is relatively affordable. According to BestPlaces.net, the city has an overall cost of living index of 83.9, which is 13 percent lower than the national average. In particular, housing costs are much lower than the national average at only 62.1, while utility costs are also below the U.S. average at 87.7. Grocery costs tend to be slightly higher than average but still within a reasonable range at 97.9, and healthcare is slightly above-average at 103.6 on the index scale. Overall, 56240 Graceville remains an affordable place to live for most people moving to the area.