Housing costs in Nelson?
A typical home costs
$267,500, which is 20.9% less expensive than the national average of
$338,100 and 13.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Nelson costs
$880 per month, which is 29.0% cheaper than the national average of
$1,240 and close to the state average of
$870.
Can I afford Nelson?
To live comfortably in Nelson (zip 56355), Minnesota, a minimum annual income of
$51,120 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Nelson?
The cost of living in 56355 Nelson, MN is quite reasonable for a rural area. The median home value is just under $150,000 and the median monthly rent is around $750. Residents also benefit from low utility costs, with an average electricity bill of only $90 per month. Additionally, groceries can be found at reasonable prices in local supermarkets and farmer's markets. There are also plenty of outdoor activities to enjoy that won't break the bank. All these factors combine to make 56355 Nelson, MN a great place to live for those looking for an affordable rural lifestyle.