Housing costs in Duluth?
A typical home costs
$160,600, which is 52.5% less expensive than the national average of
$338,100 and 48.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Duluth costs
$1,050 per month, which is 15.3% cheaper than the national average of
$1,240 and 2.9% cheaper than the state average of
$1,080.
Can I afford Duluth?
To live comfortably in Duluth (zip 55806), Minnesota, a minimum annual income of
$30,600 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Duluth?
The cost of living in Duluth, MN (55806) is relatively low compared to other areas in the state. The median home value is $129,600 and the median rent is around $800, which are both significantly lower than the statewide averages. Additionally, basic goods such as food, gas, and clothing are priced at reasonable rates; this means that residents have more disposable income to spend on leisure activities or save for future investments. Furthermore, the area has no sales tax and low property taxes which also helps to keep overall costs down. All these affordable prices make it a great place for people who are looking for an affordable lifestyle while still having access to all of the amenities that a thriving city like Duluth offers.