Housing costs in Eveleth?
A typical home costs
$132,600, which is 60.8% less expensive than the national average of
$338,100 and 57.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Eveleth costs
$980 per month, which is 21.0% cheaper than the national average of
$1,240 and 10.2% cheaper than the state average of
$1,080.
Can I afford Eveleth?
To live comfortably in Eveleth (zip 55734), Minnesota, a minimum annual income of
$25,560 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Eveleth?
The cost of living in 55734 Eveleth, MN is relatively low compared to other areas of the state. The median home value is $123,600, which is considerably lower than the state average of $203,500. Additionally, rent for a one-bedroom apartment averages around $620 per month, which is well below the statewide average of $972 per month. With these low prices for housing and utilities, it is easy to see why many people move to or stay in this area. Other major costs of living such as food and transportation are also quite affordable in 55734 Eveleth, MN.