Housing costs in Morgan?
A typical home costs
$136,400, which is 59.7% less expensive than the national average of
$338,100 and 55.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Morgan costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Morgan?
To live comfortably in Morgan (zip 56266), Minnesota, a minimum annual income of
$26,280 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Morgan?
The cost of living in 56266 Morgan, MN is quite reasonable. The median home value in the area is around $165,000, which is significantly lower than the national median of $231,200. Additionally, transportation costs are low with a median commute time of only 17 minutes and an average monthly cost for gas at around $25. Groceries prices tend to be slightly lower than the national average, however housing prices are significantly lower. Overall, living in Morgan, MN can be quite affordable for those looking to settle down and make their mark on this friendly community.