Housing costs in Newfolden?
A typical home costs
$173,000, which is 48.8% less expensive than the national average of
$338,100 and 44.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Newfolden costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Newfolden?
To live comfortably in Newfolden (zip 56738), Minnesota, a minimum annual income of
$33,120 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Newfolden?
The cost of living in 56738 Newfolden, MN is quite modest. Prices are generally lower than the national averages for housing, transportation, and groceries. The median home value is $84,000 and the median rent price is $976 per month. Transportation costs are low due to the fact that many people drive their own cars or take advantage of local bus systems and walking/biking trails. Grocery prices are also reasonable with a mix of convenience stores, small markets, and large chain stores. The overall cost of living in 56738 Newfolden, MN is affordable and makes it possible for residents to enjoy all the benefits of living in a rural town while still maintaining a comfortable budget.