Housing costs in Welch?
A typical home costs
$425,500, which is 25.9% more expensive than the national average of
$338,100 and 37.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Welch costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 6.0% cheaper than the state average of
$1,240.
Can I afford Welch?
To live comfortably in Welch, Minnesota, a minimum annual income of
$81,360 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Welch?
Welch, MN has a cost of living that is slightly below the national average, making it an attractive option for those looking to save money. The median home price in this small town is $130,000 and the median household income is around $45,000 per year. The cost of food and other necessities are also relatively affordable, with a grocery bill of about $400 per month. Additionally, Welch residents enjoy some of the lowest utility costs in the state. With all these factors combined, Welch offers an ideal balance between reasonable costs and quality of life.