Housing costs in Perham?
A typical home costs
$306,900, which is 9.2% less expensive than the national average of
$338,100 and 0.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Perham costs
$880 per month, which is 29.0% cheaper than the national average of
$1,240 and 2.3% more than the state average of
$860.
Can I afford Perham?
To live comfortably in Perham (zip 56573), Minnesota, a minimum annual income of
$58,680 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Perham?
The cost of living in 56573 Perham, MN is generally considered to be quite affordable, with the median home value being around $162,200 and the median monthly rent being around $743. The overall cost of living is approximately 8% lower than the national average, which makes Perham an attractive location for those looking to save money on housing costs. On top of that, groceries and healthcare are also quite affordable here, making it a great place to live for those looking to stretch their budget.