Housing costs in Tower?
A typical home costs
$292,000, which is 13.6% less expensive than the national average of
$338,100 and 5.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Tower costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$1,240.
Can I afford Tower?
To live comfortably in Tower (zip 55790), Minnesota, a minimum annual income of
$55,800 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Tower?
The cost of living in Tower, Minnesota (55790) is relatively affordable, with a median home price of $116,650 and a median rent of just under $800 per month. The overall cost of living index in the area is below the national average, with groceries, transportation and utilities all slightly lower than the national averages. This makes Tower an attractive option for those looking to live affordably in a rural area. There are also a variety of amenities available within easy driving distance, such as shopping malls, restaurants and other recreational activities. With its low cost of living combined with its natural beauty and close proximity to major cities like Duluth and Minneapolis, Tower is an ideal location for those looking for an affordable place to call home.