Housing costs in Hendrum?
A typical home costs
$151,100, which is 55.3% less expensive than the national average of
$338,100 and 51.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hendrum costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Hendrum?
To live comfortably in Hendrum (zip 56550), Minnesota, a minimum annual income of
$28,800 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Hendrum?
The cost of living in 56550 Hendrum, MN is quite affordable. The median home value in the area is around $170,000, making it a great place to purchase a first home. Prices for groceries are also lower than the national average, allowing families to stretch their budgets further. Taxes are also fairly low compared to other areas, providing an extra incentive to move to the area. Additionally, utilities and transportation costs tend to be much more affordable than other cities in the region, helping keep expenses down. All in all, living in 56550 Hendrum, MN can provide a high quality of life at an affordable cost.