Housing costs in Racine?
A typical home costs
$307,100, which is 9.2% less expensive than the national average of
$338,100 and 0.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Racine costs
$930 per month, which is 25.0% cheaper than the national average of
$1,240 and 4.3% cheaper than the state average of
$970.
Can I afford Racine?
To live comfortably in Racine (zip 55967), Minnesota, a minimum annual income of
$58,680 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Racine?
The cost of living in 55967 Racine, MN is fairly affordable. The overall cost of living index is 78.8, which is lower than the U.S. average of 100. Housing costs are especially low with a median home value of $95,200 and an average rent rate of $696 per month. Other expenses such as groceries and utilities are also on the lower side compared to national averages, making it a great place to live for those looking for an affordable lifestyle.