Housing costs in Washington?
A typical home costs
$503,100, which is 48.8% more expensive than the national average of
$338,100 and 62.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Washington costs
$970 per month, which is 32.2% more than the national average of
$1,430 and 27.8% more than the state average of
$1,240.
Can I afford Washington?
To live comfortably in Washington, Minnesota, a minimum annual income of
$96,480 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Washington?
Washington, MN offers residents an affordable cost of living. The city's overall cost of living index is 23.5% lower than the national average. Housing costs are especially low with a median home value of $161,300 compared to the national median value of $231,200. Utility and transportation costs are also competitively priced in Washington. Sales taxes are slightly higher than the state average, but income taxes remain low due to the city's relatively low population density. Consequently, Washington is an ideal place for those looking for a cost-effective place to call home.