Housing costs in Hoffman?
A typical home costs
$205,700, which is 39.2% less expensive than the national average of
$338,100 and 33.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hoffman costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Hoffman?
To live comfortably in Hoffman (zip 56339), Minnesota, a minimum annual income of
$39,240 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Hoffman?
The cost of living in 56339 Hoffman, MN is relatively low compared to other parts of the country. In addition to being one of the most affordable places in the U.S., residents also benefit from a wide range of amenities and services. The median home value in 56339 Hoffman is $122,700, which is around 34% lower than the Minnesota average. Goods and services are also cheaper here than most places; for example, groceries are 4% cheaper than the national average, while healthcare and utilities are 6-7% less expensive than the state average. Overall, those who choose to live in 56339 Hoffman can enjoy an excellent quality of life with some of the lowest costs in the state.