Cost of Living in Minnesota lake, MN
Housing
The housing market plays a significant role in determining the cost of living in Minnesota lake, MN.
- Housing Index: 90.0 / 100
- Median Home Price is: $217,000
- Average Rent (2 BR Apartment): $1080 per month
- Average Rent (2 BR House): $1120 per month
In considering a move to Minnesota lake, MN, take into account the housing index of 90.0, which indicates a moderately affordable market. The median home price stands at 217000, which is relatively competitive, while the average rent for a 2-bedroom apartment at 1080 and a house at 1120 suggests decent rental options are available. Balancing these figures should contribute to affordability alongside other living factors like job opportunities and lifestyle amenities. Residents often find the community and quality of life equally important as the housing costs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Minnesota lake, 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.): $200 per month
Living in Minnesota lake, 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 $200 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 Minnesota lake is a financially viable option for your relocation.