Housing costs in Shafer?
A typical home costs
$313,300, which is 7.3% less expensive than the national average of
$338,100 and 1.2% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Shafer costs
$1,240 per month, which is 0.0% cheaper than the national average of
$1,240 and 12.9% cheaper than the state average of
$1,400.
Can I afford Shafer?
To live comfortably in Shafer (zip 55074), Minnesota, a minimum annual income of
$60,120 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Shafer?
The cost of living in 55074 Shafer, MN is relatively low compared to other areas of the country. The median home price in the city is around $189,000 which is much lower than the national median home price of $219,700. The average rent for a two bedroom apartment in 55074 Shafer, MN is around $900 per month which is significantly lower than the national average rent for the same size apartment. The overall cost of living index score for 55074 Shafer, MN is 85.1 which is 15% lower than the U.S. average score of 100. Grocery prices and health care costs are both below the national averages as well. All in all, 55074 Shafer, MN offers an affordable cost of living that makes it a great place to live for many families and individuals.