Housing costs in Grand Marais?
A typical home costs
$336,300, which is 0.5% less expensive than the national average of
$338,100 and 8.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Grand Marais costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford Grand Marais?
To live comfortably in Grand Marais (zip 55604), Minnesota, a minimum annual income of
$64,440 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Grand Marais?
The cost of living in Grand Marais, MN is quite reasonable compared to similar metropolitan areas. The median home price is $152,400, which is significantly lower than the national average of $219,700. Renters can expect to pay a median monthly rent of $950 for a one-bedroom apartment and $1,190 for a two-bedroom apartment. Utilities like electricity and water are also below average when compared to other cities in the region. Other daily expenses such as groceries and gasoline are also relatively inexpensive. All in all, Grand Marais has an affordable cost of living that makes it an attractive place for families and individuals looking for a comfortable life without breaking their budget.