Housing costs in Mountain Iron?
A typical home costs
$166,700, which is 50.7% less expensive than the national average of
$338,100 and 46.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mountain Iron costs
$980 per month, which is 21.0% cheaper than the national average of
$1,240 and 10.2% cheaper than the state average of
$1,080.
Can I afford Mountain Iron?
To live comfortably in Mountain Iron (zip 55768), Minnesota, a minimum annual income of
$32,040 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Mountain Iron?
Living in 55768 Mountain Iron, MN is quite affordable. The cost of living index is about 8% lower than the national average. The median home price is around $132,000, with a median rent being around $750. Utilities and groceries are also relatively low-priced compared to other areas of the country. Residents here can enjoy many of the same amenities that more expensive cities have to offer without breaking their budget. Additionally, local taxes are relatively low making it even easier to maintain a budget friendly lifestyle in this city.