Housing costs in Iron?
A typical home costs
$188,600, which is 44.2% less expensive than the national average of
$338,100 and 39.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Iron costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 11.7% cheaper than the state average of
$1,240.
Can I afford Iron?
To live comfortably in Iron (zip 55751), Minnesota, a minimum annual income of
$36,000 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Iron?
The cost of living in Iron, MN (55751) is relatively affordable compared to other areas of the United States. Goods and services are reasonably priced, making it easy for people to stretch their budget. Housing is also quite affordable, with median home prices falling around $130,000. The area has a low unemployment rate and a diverse economic environment providing plenty of job opportunities. Despite its small population size, Iron offers numerous recreational activities such as camping, fishing, and four-wheeling to help make life more enjoyable. All in all, 55751 Iron is an attractive place to live for those looking for an affordable lifestyle that offers plenty of recreational activities.