Housing costs in Pelican Rapids?
A typical home costs
$375,300, which is 11.0% more expensive than the national average of
$338,100 and 21.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Pelican Rapids costs
$1,030 per month, which is 16.9% cheaper than the national average of
$1,240 and 16.5% more than the state average of
$860.
Can I afford Pelican Rapids?
To live comfortably in Pelican Rapids (zip 56572), Minnesota, a minimum annual income of
$72,000 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Pelican Rapids?
The cost of living in 56572 Pelican Rapids, MN is quite affordable. The median home value is just over $140,000 and the median household income is nearly $52,000. Housing costs are low compared to surrounding areas, with the average monthly rent for a one-bedroom apartment costing around $600. Groceries are also reasonably priced in town, and other necessities such as utilities and transportation are also economical. Despite its small size and seemingly remote location, residents of 56572 Pelican Rapids can still enjoy the benefits of affordable living without sacrificing quality of life.