Housing costs in Wood Lake?
A typical home costs
$133,600, which is 60.5% less expensive than the national average of
$338,100 and 56.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Wood Lake costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Wood Lake?
To live comfortably in Wood Lake (zip 56297), Minnesota, a minimum annual income of
$25,560 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Wood Lake?
56297 Wood Lake, MN is a small town located in the Midwestern US with a population of just over 500 people. The cost of living here is quite reasonable compared to other parts of the country and provides residents with plenty of opportunities to save money. Groceries, utilities, and healthcare costs all remain below the national average while housing costs are extremely affordable. Homeowners can expect to pay just under $200,000 for a three-bedroom home. This makes it easy for those looking for an affordable place to live without sacrificing quality of life.