Housing costs in Minnesota Lake?
A typical home costs
$183,400, which is 45.8% less expensive than the national average of
$338,100 and 40.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minnesota Lake 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 Minnesota Lake?
To live comfortably in Minnesota Lake (zip 56068), Minnesota, a minimum annual income of
$35,280 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Minnesota Lake?
The cost of living in 56068 Minnesota Lake, MN is relatively affordable compared to other cities in the US. It has a median home value of $162,600 which is significantly lower than the national median of $231,200. Utility costs are also considerably lower with an average monthly electric bill at $110 and an average monthly gas bill at just over $50. Grocery prices for staple items in 56068 Minnesota Lake, MN are also extremely reasonable and all major retailers provide competitive prices for goods. Overall, it can be said that the cost of living in 56068 Minnesota Lake, MN is fairly low and provides great value to its residents.