Housing costs in Lakeville?
A typical home costs
$466,000, which is 37.8% more expensive than the national average of
$338,100 and 50.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lakeville costs
$1,770 per month, which is 42.7% more than the national average of
$1,240 and 20.9% more than the state average of
$1,400.
Can I afford Lakeville?
To live comfortably in Lakeville (zip 55044), Minnesota, a minimum annual income of
$89,280 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Lakeville?
Lakeville, MN (55044) is an affordable place to live, with a cost of living index of 94.1 compared to the U.S average of 100. Housing prices in the area are generally quite low, with the median home value estimated at $310,700 and median rent estimated at $1,314. On top of that, utility costs are relatively low and the overall cost of goods and services is also lower than most metropolitan areas. In terms of transportation, Lakeville offers plenty of options for getting around town including multiple bus routes and taxi services. For those who prefer to drive their own vehicles, gas prices in the town tend to be lower than other parts of Minnesota. All in all, Lakeville provides an affordable and comfortable lifestyle for residents looking for a peaceful home away from expensive cities.