Cost of Living in Eveleth, MN
Housing
The housing market plays a significant role in determining the cost of living in Eveleth, MN.
- Housing Index: Data is updating
- Median Home Price is: $175,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In analyzing the real estate metrics for Eveleth, MN, it appears the housing index stands at 0.0, indicating a market that may be highly favorable for buyers. The median home price of 175000 suggests that entry into homeownership is relatively accessible, especially compared to the national average. However, the zero values for both the average rent for a 2BR apartment and house suggest unique challenges, perhaps indicating limited availability or underreporting of rental units. Prospective movers should thoroughly research local demand and availability to make informed decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Eveleth, 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.): Data is updating
Living in Eveleth, 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 data unavailable 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 Eveleth is a financially viable option for your relocation.