Housing costs in Redby?
A typical home costs
$96,400, which is 71.5% less expensive than the national average of
$338,100 and 68.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Redby costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 19.2% cheaper than the state average of
$1,240.
Can I afford Redby?
To live comfortably in Redby, Minnesota, a minimum annual income of
$18,360 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Redby?
The cost of living in Redby, MN is quite reasonable. The median home value is $161,700 and the median rent is $717 per month. The overall cost of living index for Redby is 83.5, which is much lower than the average for the United States of 100. This means that groceries, housing, utilities, transportation and health care are all generally more affordable in Redby when compared to other areas in the U.S. In addition, unemployment rates in Redby are well below the national average at 4%, compared to 5% nationally. All these factors make Redby an attractive place to live and work for those looking to stretch their budget without sacrificing quality of life or amenities.