Housing costs in Gilbert?
A typical home costs
$143,600, which is 57.5% less expensive than the national average of
$338,100 and 53.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Gilbert costs
$840 per month, which is 32.3% cheaper than the national average of
$1,240 and 28.6% cheaper than the state average of
$1,080.
Can I afford Gilbert?
To live comfortably in Gilbert (zip 55741), Minnesota, a minimum annual income of
$27,360 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Gilbert?
The cost of living in 55741 Gilbert, MN is quite reasonable. Despite being a relatively small town, its residents enjoy the convenience and amenities of larger cities, while housing costs remain low. The median home value in Gilbert is approximately $160,000, which is below the national average. Additionally, the overall cost of living index for this zip code is 14% lower than the United States average. In terms of utilities and other services, prices are also quite affordable with an average monthly utility bill at $136. Overall, 55741 Gilbert provides a great balance between affordability and quality of life that makes it an attractive place to live.