Housing costs in Winsted?
A typical home costs
$241,800, which is 28.5% less expensive than the national average of
$338,100 and 21.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Winsted costs
$1,180 per month, which is 4.8% cheaper than the national average of
$1,240 and 28.0% more than the state average of
$850.
Can I afford Winsted?
To live comfortably in Winsted (zip 55395), Minnesota, a minimum annual income of
$46,440 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Winsted?
The cost of living in Winsted, MN is relatively low compared to the national average. According to Best Places, the median home value in the town is $139,900 and the median rent is just $775, both of which are below the US median of $184,700 and $949 respectively. Additionally, groceries are 3% lower than the national average and utilities costs are 6% lower than the rest of the nation. This makes living in Winsted quite affordable for residents.