Cost of Living in Redwood falls, MN
Housing
The housing market plays a significant role in determining the cost of living in Redwood falls, MN.
- Housing Index: 90.0 / 100
- Median Home Price is: $131,000
- Average Rent (2 BR Apartment): $880 per month
- Average Rent (2 BR House): $920 per month
Analyzing the data for Redwood falls, MN, the housing index of 90.0 indicates a relatively affordable market compared to national averages. With a median home price of 131000 and average rents of 880 for an apartment and 920 for a house, this area presents a good opportunity for both buyers and renters. Consideration of future job growth and local amenities may enhance your decision-making. Overall, Redwood falls appears to be a favorable option for those seeking cost-effective housing solutions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Redwood falls, 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.): $250 per month
Living in Redwood falls, 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 $250 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 Redwood falls is a financially viable option for your relocation.