Housing costs in Elmo?
A typical home costs
$322,300, which is 4.7% less expensive than the national average of
$338,100 and 4.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Elmo costs
$890 per month, which is 37.8% more than the national average of
$1,430 and 39.3% more than the state average of
$1,240.
Can I afford Elmo?
To live comfortably in Elmo, Minnesota, a minimum annual income of
$61,920 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Elmo?
The cost of living in Elmo, MN is reasonably low compared to many other places in the United States. Housing prices are considerably lower than both state and national averages, making Elmo an attractive place to settle down and purchase a home. Furthermore, day-to-day living expenses such as groceries and utilities are also much lower due to the affordable tax rate. The city also offers a wide variety of job opportunities which allows for more financial stability. All in all, Elmo is a great place to live without having to worry too much about the cost of living.