Housing costs in Sumter?
A typical home costs
$369,800, which is 9.4% more expensive than the national average of
$338,100 and 19.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Sumter costs
$840 per month, which is 41.3% more than the national average of
$1,430 and 47.6% more than the state average of
$1,240.
Can I afford Sumter?
To live comfortably in Sumter, Minnesota, a minimum annual income of
$70,920 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Sumter?
The cost of living in Sumter, MN is relatively low compared to other parts of the country. According to BestPlaces, the total cost of living index in Sumter is 96.7, which is 4.3 points lower than the U.S. average (101). Housing costs are especially affordable, with rent for a one bedroom apartment averaging $625 per month and a three bedroom averaging $830 per month. Groceries and utilities are also priced well below the national average, making it possible for a family to live comfortably on a budget. Overall, Sumter is an excellent place for those seeking an affordable lifestyle with plenty of opportunities for outdoor recreation and cultural exploration as well.