Housing costs in Redwood Falls?
A typical home costs
$157,600, which is 53.4% less expensive than the national average of
$338,100 and 49.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Redwood Falls costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,240.
Can I afford Redwood Falls?
To live comfortably in Redwood Falls (zip 56283), Minnesota, a minimum annual income of
$30,240 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Redwood Falls?
The cost of living in 56283 Redwood Falls, MN is quite reasonable compared to other cities in the area. The median home value in the city is $136,900 and the median rent for a one bedroom apartment is $618 per month. Overall, both housing and essential services like utilities are more affordable than average, which makes it an attractive option for families looking to settle down. Additionally, there are many different local businesses that provide goods and services at competitive prices, making it easy for residents to keep their costs low while still enjoying all that the city has to offer.