Cost of Living in Stanchfield, MN
Housing
The housing market plays a significant role in determining the cost of living in Stanchfield, MN.
- Housing Index: 103 / 100
- Median Home Price is: $320,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
Considering the data for Stanchfield, MN, we notice a median home price of 320000. With a housing index of 103, it’s crucial to assess affordability against comparable cities. Since both average rents for a 2-bedroom apartment and house are currently listed as zero, this may indicate either a lack of available rental properties or incomplete data. For potential homebuyers, the median home price suggests a considerable investment that may yield satisfaction in ownership—provided that the broader housing market and local amenities in Stanchfield support a desirable living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Stanchfield, 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 Stanchfield, 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 Stanchfield is a financially viable option for your relocation.