Cost of Living in Mountain iron, MN
Housing
The housing market plays a significant role in determining the cost of living in Mountain iron, MN.
- Housing Index: 87.0 / 100
- Median Home Price is: $260,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1350 per month
When considering a move to Mountain iron, MN, you should note the housing index stands at 87.0, suggesting a balanced market. The median home price of 260000 is relatively affordable compared to larger cities, which often exceed the national average. For rentals, expect to pay about 1200 for a 2-bedroom apartment and 1350 for a house. This region’s moderate cost of living, along with local amenities and lifestyle options, can make it an appealing choice for families and young professionals alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mountain iron, 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 Mountain iron, 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 Mountain iron is a financially viable option for your relocation.