Housing costs in Northrop?
A typical home costs
$100,000, which is 70.4% less expensive than the national average of
$338,100 and 67.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Northrop costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 63.2% cheaper than the state average of
$1,240.
Can I afford Northrop?
To live comfortably in Northrop (zip 56075), Minnesota, a minimum annual income of
$19,080 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Northrop?
The cost of living in 56075 Northrop, MN is relatively affordable. Although the median home value is slightly higher than the national average, real estate prices remain low with the average listing price for a home at around $105,000. The area also boasts a low unemployment rate and high job growth. Additionally, grocery and utility costs are similar to the national averages, which helps keep the cost of living in Northrop reasonable. With its great quality of life and affordability, 56075 Northrop is an attractive option for potential residents.