Housing costs in Herman?
A typical home costs
$157,400, which is 53.4% less expensive than the national average of
$338,100 and 49.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Herman costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,240.
Can I afford Herman?
To live comfortably in Herman (zip 56248), Minnesota, a minimum annual income of
$30,240 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Herman?
The cost of living in Herman, MN (56248) is quite reasonable. The median housing price is around $80,000, while the median income is around $50,000. This makes it a fairly affordable place to live for those on a budget. Utilities are also relatively inexpensive at an average of about $130 per month. Groceries and other basic necessities tend to be slightly on the lower side due to the fact that Herman is a rural area. Overall, the cost of living in Herman, MN is reasonable and manageable for most people looking to settle down in this area.