Cost of Living in Backus, MN
Housing
The housing market plays a significant role in determining the cost of living in Backus, MN.
- Housing Index: 103 / 100
- Median Home Price is: $239,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
Based on the data, Backus, MN appears to have a neutral housing index of 103, making it an appealing option for potential movers. The median home price of 239000 suggests that homeownership may be relatively affordable in this area. However, the absence of data regarding average rents for 2-bedroom apartments and houses signals a lack of market depth, or possibly underreported figures. It's crucial to analyze local market trends and amenities in Backus to build a comprehensive understanding of the living conditions before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Backus, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Backus, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Backus is a financially viable option for your relocation.