Housing costs in Pennington?
A typical home costs
$186,600, which is 44.8% less expensive than the national average of
$338,100 and 39.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Pennington costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$1,240.
Can I afford Pennington?
To live comfortably in Pennington (zip 56663), Minnesota, a minimum annual income of
$35,640 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Pennington?
The cost of living in Pennington, MN 56663 is quite affordable. The median home value is around $107,000, which is much lower than the national average, and the median rent is also very low at just over $1,300. Additionally, other expenses such as groceries and healthcare are below the national average. This means that those living in Pennington can enjoy a high standard of living without breaking the bank.