Housing costs in Melrose?
A typical home costs
$207,900, which is 38.5% less expensive than the national average of
$338,100 and 32.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Melrose costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 27.8% cheaper than the state average of
$1,240.
Can I afford Melrose?
To live comfortably in Melrose, Minnesota, a minimum annual income of
$39,960 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Melrose?
The cost of living in Melrose, MN is quite affordable. Housing costs are below the national average, with the median home price being around $125,000. In addition to housing, basic necessities like food and gas are also relatively inexpensive. Average monthly utility bills tend to be around $125-150 per month. Overall, Melrose is an affordable place to live and offers a high quality of life for its residents.