Housing costs in Monticello?
A typical home costs
$306,500, which is 9.3% less expensive than the national average of
$338,100 and 1.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Monticello costs
$1,300 per month, which is 4.8% more than the national average of
$1,240 and 7.7% cheaper than the state average of
$1,400.
Can I afford Monticello?
To live comfortably in Monticello (zip 55362), Minnesota, a minimum annual income of
$58,680 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Monticello?
The cost of living in 55362 Monticello, MN is generally considered to be quite affordable. The median home value is $176,800 and the median household income is about $55,000. Additionally, the average price for grocery items in the area is lower than the national average. The cost of utilities such as electricity and natural gas are also below the national average. Overall, this makes living in 55362 Monticello, MN an attractive option for those looking for an affordable place to live with a good quality of life.