Housing costs in Lakeland?
A typical home costs
$354,400, which is 4.8% more expensive than the national average of
$338,100 and 14.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lakeland costs
$1,420 per month, which is 14.5% more than the national average of
$1,240 and close to the state average of
$1,400.
Can I afford Lakeland?
To live comfortably in Lakeland (zip 55043), Minnesota, a minimum annual income of
$68,040 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Lakeland?
The cost of living in Lakeland, MN 55043 is slightly higher than the US average. The median home price in the area is around $197,500, which represents an increase of 4.3% from last year. The median rent for a one-bedroom apartment is around $1,080 and utilities are estimated to cost about $145 a month. Groceries may cost slightly more than the national average but are still fairly reasonable. Gas prices in the area tend to be slightly higher than the national average as well. Despite this, Lakeland remains an affordable place to live with a low unemployment rate and strong job market.