Housing costs in Mayer?
A typical home costs
$340,200, which is 0.6% more expensive than the national average of
$338,100 and 9.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mayer costs
$1,500 per month, which is 4.9% more than the national average of
$1,430 and 17.3% more than the state average of
$1,240.
Can I afford Mayer?
To live comfortably in Mayer, Minnesota, a minimum annual income of
$65,160 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Mayer?
The cost of living in Mayer, MN is very reasonable. The median home value is around $162,900, which is lower than the US average. Renters pay an average of just over $1000 per month for a one bedroom apartment. Utilities are also very affordable for the area, with electric costs coming in at about 8 cents per kilowatt hour. Groceries and other everyday items are also quite affordable compared to other cities in the area. All of these factors combined make Mayer MN a great place to call home for those on a budget.