Housing costs in Litchfield?
A typical home costs
$200,700, which is 40.6% less expensive than the national average of
$338,100 and 35.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Litchfield costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 37.8% cheaper than the state average of
$1,240.
Can I afford Litchfield?
To live comfortably in Litchfield (zip 55355), Minnesota, a minimum annual income of
$38,520 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Litchfield?
The cost of living in 55355 Litchfield, MN is fairly reasonable. The median home price is around $176,000, which is lower than the national average. Additionally, the average rent for a one bedroom apartment is approximately $570 per month. Property taxes are also relatively low, and the city provides a variety of discounts to residents who qualify as low-income or disabled individuals. All in all, living in 55355 Litchfield can be quite affordable for those looking to settle down here.