Housing costs in Oak Park?
A typical home costs
$303,300, which is 10.3% less expensive than the national average of
$338,100 and 2.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Oak Park costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 25.3% cheaper than the state average of
$1,240.
Can I afford Oak Park?
To live comfortably in Oak Park (zip 56357), Minnesota, a minimum annual income of
$57,960 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Oak Park?
The cost of living in 56357 Oak Park, MN is quite reasonable and affordable. The median home value is around $57,000, which is significantly lower than the national average. The cost of groceries and utilities are also generally lower than the average for the nation. Renters should note that the median rental price here is only about $750 per month, making this a great area for those looking to rent or purchase a home on a budget. Additionally, there are plenty of jobs available in the area so finding work should not be too difficult for newcomers to the area.