Housing costs in Heron Lake?
A typical home costs
$144,400, which is 57.3% less expensive than the national average of
$338,100 and 53.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Heron Lake costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 55.0% cheaper than the state average of
$1,240.
Can I afford Heron Lake?
To live comfortably in Heron Lake (zip 56137), Minnesota, a minimum annual income of
$27,720 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Heron Lake?
The cost of living in 56137 Heron Lake, MN is higher than the national average but is still considered affordable. The median home price in the area is around $196,000 and the median rent for a one-bedroom apartment is around $650 per month. The area also has some of the lowest unemployment rates in the state, so there are plenty of job opportunities available for those looking to move here. Groceries and other basic expenses are a bit more expensive than in other parts of Minnesota, but overall life in Heron Lake is still relatively affordable.