Housing costs in Mountain Lake?
A typical home costs
$134,600, which is 60.2% less expensive than the national average of
$338,100 and 56.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mountain Lake costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 49.4% cheaper than the state average of
$1,240.
Can I afford Mountain Lake?
To live comfortably in Mountain Lake (zip 56159), Minnesota, a minimum annual income of
$25,920 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Mountain Lake?
The cost of living in 56159 Mountain Lake, MN is relatively low compared to other parts of the state. The median home price is just over $97,000, making it one of the more affordable places to live in Minnesota. Additionally, the average cost of goods and services in the area is 8.2% lower than the national average. This means that local residents have more purchasing power for items such as food and utilities. Additionally, housing costs are also relatively low with monthly rent averaging $717 - which is much cheaper than other areas in Minnesota. All in all, Mountain Lake is a great place to live if you're looking for an affordable lifestyle without sacrificing quality of life.