Housing costs in Shelly?
A typical home costs
$89,100, which is 73.6% less expensive than the national average of
$338,100 and 71.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Shelly costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 65.3% cheaper than the state average of
$1,240.
Can I afford Shelly?
To live comfortably in Shelly, Minnesota, a minimum annual income of
$16,920 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Shelly?
The cost of living in Shelly, MN is quite reasonable for its location. The median home value is around $177,000 which is lower than the state average, and the median rent is roughly $1,150 per month. Additionally, the cost for groceries and healthcare are below average as well. The area has a low unemployment rate of 4% and an average family income of $79,945. Property taxes remain lower than other cities in the region due to this being a rural area. All in all, Shelly provides residents with an affordable place to live with plenty of opportunities to enjoy nature and outdoor activities.