Cost of Living in Plato, MN
Housing
The housing market plays a significant role in determining the cost of living in Plato, MN.
- Housing Index: 103 / 100
- Median Home Price is: $257,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
In analyzing the housing data for Plato, MN, we observe a housing index of 103, which suggests unique market dynamics, possibly indicating limited availability or recent fluctuations. The median home price stands at 257000, making homeownership a potentially attractive option within this area. However, with both average rents for 2BR apartments and houses reported as 1560 and 1696 respectively at $0, it raises questions about rental market stability or availability. Researching local amenities and job market conditions can significantly influence your decision-making process when relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Plato, 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 Plato, 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 Plato is a financially viable option for your relocation.