Cost of Living in Detroit lakes, MN
Housing
The housing market plays a significant role in determining the cost of living in Detroit lakes, MN.
- Housing Index: 95.0 / 100
- Median Home Price is: $218,000
- Average Rent (2 BR Apartment): $1240 per month
- Average Rent (2 BR House): $1296 per month
Considering a move to Detroit lakes, MN? The housing index of 95.0 indicates a relatively affordable market compared to national averages. With a median home price of 218000, homeownership may be within reach for many. For renters, the average rents for a 2-bedroom apartment at 1240 and a house at 1296 are competitive options. Given these figures, Detroit lakes offers balanced opportunities for both purchase and rental situations, making it an attractive choice for diverse lifestyles and budgets.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Detroit lakes, 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.): $220 per month
Living in Detroit lakes, 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 $220 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 Detroit lakes is a financially viable option for your relocation.