Cost of Living in Willow river, MN
Housing
The housing market plays a significant role in determining the cost of living in Willow river, MN.
- Housing Index: 90.0 / 100
- Median Home Price is: $153,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
If you're considering a move to Willow river, MN, the housing market appears to be quite affordable, especially with a housing index of 90.0. With a median home price of 153000, purchasing a home could be an appealing investment compared to renting. The average rent for a 2BR apartment and house is both 1200, offering flexibility in housing choices. Keep in mind, transitioning from renting to owning can save money over time. Additionally, the lower housing index could mean a greater opportunity for appreciation should the market trend upward in the future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Willow river, 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 Willow river, 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 Willow river is a financially viable option for your relocation.