Housing costs in Otter Tail Peninsula?
A typical home costs
$234,400, which is 30.7% less expensive than the national average of
$338,100 and 24.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Otter Tail Peninsula 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 Otter Tail Peninsula?
To live comfortably in Otter Tail Peninsula, Minnesota, a minimum annual income of
$45,000 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Otter Tail Peninsula?
The cost of living in Otter Tail Peninsula, MN is relatively low and affordable, making it a great place to live for those on a budget. The housing costs are especially low compared to the national average, with the median home price being around $170,000. Groceries and utilities are also fairly inexpensive when compared to other parts of the country. Overall, the cost of living in Otter Tail Peninsula is very reasonable and can offer residents significant savings over other locations in Minnesota or elsewhere.