Housing costs in Fairfax?
A typical home costs
$151,900, which is 55.1% less expensive than the national average of
$338,100 and 50.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Fairfax costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 44.2% cheaper than the state average of
$1,240.
Can I afford Fairfax?
To live comfortably in Fairfax (zip 55332), Minnesota, a minimum annual income of
$29,160 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Fairfax?
The cost of living in 55332 Fairfax, MN is relatively low. According to BestPlaces, costs in the area are 11.9% lower than the U.S. average. Housing prices are particularly attractive with the median price for a one bedroom apartment being $677 per month and a three bedroom apartment for an average of $891. Groceries and restaurant meals are also reasonably priced compared to other parts of the country with a meal at an inexpensive restaurant costing around $12 and a dozen eggs costing only $1.73. Overall, living in Fairfax is quite affordable making it an ideal place for those wanting to live comfortably on a budget.