Cost of Living in Henning, MN
Housing
The housing market plays a significant role in determining the cost of living in Henning, MN.
- Housing Index: 103 / 100
- Median Home Price is: $176,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
Considering the housing data for Henning, MN, the housing index of 103 highlights a relatively affordable market, especially when comparing median home prices of 176000 to the national average. With the average rent for a 2-bedroom apartment at 1560 and a house at 1696, potential residents can expect manageable rental costs. This information suggests that moving to Henning could be financially viable, especially for families or individuals looking for a more budget-friendly option. Always consider local job market trends and lifestyle when making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Henning, 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 Henning, 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 Henning is a financially viable option for your relocation.