Housing costs in Lake Crystal?
A typical home costs
$255,000, which is 24.6% less expensive than the national average of
$338,100 and 17.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lake Crystal costs
$1,000 per month, which is 19.4% cheaper than the national average of
$1,240 and 6.0% cheaper than the state average of
$1,060.
Can I afford Lake Crystal?
To live comfortably in Lake Crystal (zip 56055), Minnesota, a minimum annual income of
$48,960 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Lake Crystal?
The cost of living in 56055 Lake Crystal, MN is generally affordable. The median home value for this area is $112,800, which is significantly lower than the national average of $226,300. Additionally, the median household income is slightly above the US average at $62,076. Renting in Lake Crystal can be quite affordable as well; with a median rent of only $801, compared to the US average of $949 per month. All in all, Lake Crystal's low housing and rent costs make it an attractive option for people looking for lower living expenses.