Housing costs in Ivanhoe?
A typical home costs
$115,700, which is 65.8% less expensive than the national average of
$338,100 and 62.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ivanhoe costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 72.2% cheaper than the state average of
$1,240.
Can I afford Ivanhoe?
To live comfortably in Ivanhoe (zip 56142), Minnesota, a minimum annual income of
$22,320 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Ivanhoe?
Living in 56142 Ivanhoe, MN is quite affordable. Housing costs are fairly low compared to the national average, particularly for rental properties. The median home value is approximately $150,000 and the cost of utilities is generally below average as well. Food prices are reasonable and there are plenty of local stores for grocery shopping. The cost of transportation is also quite low due to the close proximity of the town to larger cities. Overall, living in 56142 Ivanhoe, MN provides a great quality of life without breaking the bank.