Housing costs in Lime?
A typical home costs
$504,200, which is 49.1% more expensive than the national average of
$338,100 and 62.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lime costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 9.7% cheaper than the state average of
$1,240.
Can I afford Lime?
To live comfortably in Lime, Minnesota, a minimum annual income of
$96,480 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Lime?
The cost of living in Lime, MN is quite reasonable. It ranks well below the national average, with a cost-of-living index of 85.7 compared to the U.S. average of 100. The main expenses that drive up the cost of living are housing costs, which come in at an average of $152,400 for a three-bedroom home. However, other essential expenses such as groceries and healthcare are very affordable in this area. Additionally, residents can benefit from low taxes and utility costs when living in Lime, MN. All these factors combine to make it an ideal choice for those looking for a city with a relatively low cost of living and great quality of life.