Housing costs in Babbitt?
A typical home costs
$117,800, which is 65.2% less expensive than the national average of
$338,100 and 61.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Babbitt costs
$890 per month, which is 28.2% cheaper than the national average of
$1,240 and 21.3% cheaper than the state average of
$1,080.
Can I afford Babbitt?
To live comfortably in Babbitt (zip 55706), Minnesota, a minimum annual income of
$22,680 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Babbitt?
The cost of living in 55706 Babbitt, MN is relatively low compared to many other areas of the country. The median home price in the zip code is over $40,000 lower than the national median and the average monthly rent for a two-bedroom apartment is around $660. Grocery and restaurant prices are also quite reasonable, with local restaurants often offering discounts for locals. On the whole, 55706 Babbitt makes an ideal location for those looking to stretch their budget while still having access to all that Minnesota has to offer.