Housing costs in Lanesboro?
A typical home costs
$266,500, which is 21.2% less expensive than the national average of
$338,100 and 13.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lanesboro costs
$850 per month, which is 31.5% cheaper than the national average of
$1,240 and 35.3% cheaper than the state average of
$1,150.
Can I afford Lanesboro?
To live comfortably in Lanesboro (zip 55949), Minnesota, a minimum annual income of
$51,120 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Lanesboro?
The cost of living in 55949 Lanesboro, MN is very reasonable compared to other parts of the country. The overall cost of living index for the area is just 86.2, which is 14.8% below the national average. This means that compared to other parts of the US, everyday items and services are relatively more affordable in this region. Housing is also relatively affordable with median home values at $131,000 and median rent being only $645 a month. This makes Lanesboro an ideal place for people looking for an affordable place to live with a good quality of life.