Cost of Living in Side lake, MN
Housing
The housing market plays a significant role in determining the cost of living in Side lake, MN.
- Housing Index: 103 / 100
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
Moving to Side lake, MN may be an attractive option, particularly if you're mindful of affordability. With a median home price of 250000, purchasing property could be a viable investment. However, the lack of data on housing index and average rents, which are both 1560 and 1696, raises alarms about market stability and rental opportunities. Research further into local amenities, job opportunities, and the economic environment to ensure a well-rounded decision before making the move to Side lake. Keep in mind, a diversified real estate portfolio can safeguard against economic shifts.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Side lake, 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 Side lake, 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 Side lake is a financially viable option for your relocation.