Cost of Living in Verndale, MN
Housing
The housing market plays a significant role in determining the cost of living in Verndale, MN.
- Housing Index: 103 / 100
- Median Home Price is: $135,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
Based on the provided data, Verndale in MN appears to offer a challenging housing market with a housing index of 103—indicating affordability concerns and a lack of available rental options, as both the average rent for a 2BR apartment and house are marked as 0. However, the median home price of 135000 suggests that purchasing a home could be a viable option for those looking to settle. It’s essential to investigate surrounding areas and local employment opportunities to fully assess whether relocating to this region aligns with your financial and lifestyle goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Verndale, 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 Verndale, 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 Verndale is a financially viable option for your relocation.