Housing costs in Ormsby?
A typical home costs
$206,700, which is 38.9% less expensive than the national average of
$338,100 and 33.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ormsby costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 42.5% cheaper than the state average of
$1,240.
Can I afford Ormsby?
To live comfortably in Ormsby (zip 56162), Minnesota, a minimum annual income of
$39,600 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Ormsby?
Living in 56162 Ormsby, MN is relatively affordable. The cost of living index in this area is 81.3, which is lower than the national average of 100. Housing costs are especially low, with the median home value being estimated at $84,500 and a median rent estimated at $521 for an apartment or rental housing unit. Utility costs are also very reasonable, with research showing that monthly bills tend to range from $90 to $150 depending on usage and type of service. While groceries may be slightly more expensive than other areas (especially on organic items), overall living expenses in Ormsby are quite manageable compared to the rest of the state and country.