Housing costs in South Bend?
A typical home costs
$310,500, which is 8.2% less expensive than the national average of
$338,100 and 0.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in South Bend costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 8.8% cheaper than the state average of
$1,240.
Can I afford South Bend?
To live comfortably in South Bend, Minnesota, a minimum annual income of
$59,400 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about South Bend?
The cost of living in South Bend, MN is relatively low compared to other cities in the region. According to BestPlaces, the city's overall cost of living index is 15% lower than the US average. Groceries, transportation, and healthcare costs are all below the US average. The median home price in South Bend is $175,000 which is much lower than the typical median home price for a city its size. Renters can expect to pay an average of $800 for a one-bedroom apartment with utilities included. All in all, South Bend offers great value for money compared to many other cities making it attractive option for those looking for a place to live on a budget.