Cost of Living in Red lake falls, MN
Housing
The housing market plays a significant role in determining the cost of living in Red lake falls, MN.
- Housing Index: 103 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
Considering a move to Red lake falls, MN? With a housing index of 103, it's relatively affordable compared to many regions. The median home price stands at 150000, making it an attractive option for potential buyers. Renting isn't too steep either, with average rents for a 2-bedroom apartment at 1560 and a house at 1696. The local community and amenities can greatly enhance living experience, so think about lifestyle factors alongside these financials. Overall, Red lake falls presents a balanced choice for both renters and buyers alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Red lake falls, 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 Red lake falls, 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 Red lake falls is a financially viable option for your relocation.