Housing costs in Ham Lake?
A typical home costs
$437,400, which is 29.4% more expensive than the national average of
$338,100 and 41.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ham Lake costs
$1,980 per month, which is 38.5% more than the national average of
$1,430 and 37.4% more than the state average of
$1,240.
Can I afford Ham Lake?
To live comfortably in Ham Lake, Minnesota, a minimum annual income of
$83,880 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Ham Lake?
Ham Lake, MN is an affordable place to live. The cost of living is relatively low compared to other parts of the country, making it a great option for those looking for a cost-effective place to call home. The median home value in Ham Lake is $317,400 and the median household income is $93,734. Rent prices are also reasonable with the median rent being only $1,640 per month. Additionally, utilities are quite affordable with electricity rates averaging around 11 cents per kilowatt hour and natural gas prices coming in at about 80 cents per therm. Overall, Ham Lake offers an excellent balance between affordability and quality of life for its residents.