Housing costs in Stephen?
A typical home costs
$127,500, which is 62.3% less expensive than the national average of
$338,100 and 58.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Stephen costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 55.0% cheaper than the state average of
$1,240.
Can I afford Stephen?
To live comfortably in Stephen (zip 56757), Minnesota, a minimum annual income of
$24,480 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Stephen?
The cost of living in Stephen, MN 56757 is quite reasonable. According to the most recent estimates, the cost of living index for the city is approximately 8% lower than the state average and 7% lower than the national average. This means that everyday expenses such as groceries, housing, transportation costs, and health care are all much cheaper here than in other parts of Minnesota or across the nation. In addition, taxes are slightly lower here than other parts of the state or nation, making Stephen an attractive place to live for those looking for a more affordable lifestyle.