Cost of Living in Makinen, MN
Housing
The housing market plays a significant role in determining the cost of living in Makinen, MN.
- Housing Index: 103 / 100
- Median Home Price is: $205,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
When considering a move to Makinen, MN, it's important to note the housing situation. With a housing index of 103, the local market may favor buyers, especially given the median home price of 205000. However, the absence of data regarding average rents for both 2-bedroom apartments and houses suggests potential challenges or a lack of rental inventory in the area. For context, if the local market aligns with trends seen in similar cities, ample rental options may be sparse, potentially pushing individuals towards homeownership in this affordable market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Makinen, 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 Makinen, 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 Makinen is a financially viable option for your relocation.