Cost of Living in Granada, MN
Housing
The housing market plays a significant role in determining the cost of living in Granada, MN.
- Housing Index: 103 / 100
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
In Granada, MN, the current median home price stands at 185000, which indicates attractive buying opportunities as home affordability may be beneficial compared to larger urban areas. However, the housing index at 103 suggests that market stability may be a concern, especially considering that both the average rent for a 2-bedroom apartment is 1560 and for a 2-bedroom house is 1696 remain equal to zero. Prospective movers should research local amenities, job growth, and future development plans before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Granada, 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 Granada, 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 Granada is a financially viable option for your relocation.