Cost of Living in Brainerd, MN
Housing
The housing market plays a significant role in determining the cost of living in Brainerd, MN.
- Housing Index: 85.0 / 100
- Median Home Price is: $270,000
- Average Rent (2 BR Apartment): $1150 per month
- Average Rent (2 BR House): $1200 per month
When considering a move to Brainerd, MN, the housing index stands at an affordable 85.0, suggestive of a balanced market. The median home price of 270000 is relatively accessible compared to other regions, while the average rent for a 2-bedroom apartment is 1150, and renting a house averages at 1200. With this information, potential residents can assess their budget against living standards here. Also, note that areas with lower housing indices often indicate greater affordability but can impact future property value appreciation. Balancing cost and potential growth is essential for smart relocation decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Brainerd, 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 Brainerd, 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 Brainerd is a financially viable option for your relocation.