Housing costs in Underwood?
A typical home costs
$286,300, which is 15.3% less expensive than the national average of
$338,100 and 7.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Underwood costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 44.2% cheaper than the state average of
$1,240.
Can I afford Underwood?
To live comfortably in Underwood (zip 56586), Minnesota, a minimum annual income of
$54,720 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Underwood?
The cost of living in Underwood, MN (zip code 56586) is generally considered to be quite affordable. The cost of housing is relatively low for the area with the median home value estimated to be about $105,100. Groceries, transportation, and utilities are also on the lower end of average for the region. This makes Underwood a great place for those looking for an affordable lifestyle and community. Additionally, there are few high-end stores in town meaning residents don't have to pay expensive prices for merchandise or services. All in all, Underwood offers a great quality of life without breaking the bank.