Housing costs in Cokato?
A typical home costs
$275,900, which is 18.4% less expensive than the national average of
$338,100 and 10.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cokato costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$1,240.
Can I afford Cokato?
To live comfortably in Cokato, Minnesota, a minimum annual income of
$52,920 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Cokato?
Cokato, MN is an affordable place to live. According to a cost of living index, the average price for goods and services in Cokato are lower than the national average. Groceries are particularly inexpensive in Cokato with prices that are 8% lower than the national average. Housing costs are also reasonable with median house prices that are 14% lower than the national median. Property taxes in Cokato are slightly higher than the national average but still relatively low. All in all, Cokato is a great place to settle down due to its affordability and overall lower cost of living compared to other areas of the country.