Cost of Living in Lutsen, MN
Housing
The housing market plays a significant role in determining the cost of living in Lutsen, MN.
- Housing Index: Data is updating
- Median Home Price is: $399,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
The housing market in Lutsen, MN appears attractive due to a median home price of 399000, indicating potential for long-term investment growth. However, with a housing index of 0.0, prospective buyers might want to further research stability and market conditions. While average rent for a 2-bedroom apartment and house is currently not available, typically, areas with lower rents tend to have more accessible housing options. Consider exploring local amenities, job opportunities, and community dynamics to ensure this decision aligns with your lifestyle and financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lutsen, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Lutsen, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lutsen is a financially viable option for your relocation.