Housing costs in Nerstrand?
A typical home costs
$364,700, which is 7.9% more expensive than the national average of
$338,100 and 17.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Nerstrand costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 44.2% cheaper than the state average of
$1,240.
Can I afford Nerstrand?
To live comfortably in Nerstrand (zip 55053), Minnesota, a minimum annual income of
$69,840 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Nerstrand?
The cost of living in 55053 Nerstrand, MN is quite low compared to the national average. The median home price is only around $156,000, which is considerably lower than other areas of Minnesota and the United States overall. In addition, the median household income is around $66,000, which is also significantly lower than the national average. This means that people who live in this area can expect to have a lower cost of living as far as housing costs are concerned. Groceries and other items are also much more affordable in Nerstrand compared to most other places. Overall, Nerstrand offers an attractive option for those seeking a good quality of life at an affordable cost.