Quick facts: Duluth, MN

Quick Facts

105.2
Cost of Living
above US average
86,619
Population
31.84
Crime Rate per 1000
above US average
$63,545
Median Income
below US average
$750,000
Median House Price
above US average
$1750.0
Average Rent
above US average
12%
Poverty Rate
above US average
3.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $63,545.

🏠

Income Needed to Buy

βœ— Stretch
$235k/year
Based on $750,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $235k vs median $63,545
🏒

Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1750.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $63,545
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Duluth, MN

Duluth, Minnesota, nestled on the shores of Lake Superior, is known for its stunning natural landscapes and vibrant cultural scene. This port city boasts a rich history tied to shipping and lumber industries, which helped shape its growth and character. Duluth’s scenic waterfront is a highlight, with parks, walking trails, and recreational areas, making it a haven for outdoor enthusiasts. The city is home to attractions like the iconic Aerial Lift Bridge, Canal Park, and the Great Lakes Aquarium, which showcase the area's maritime heritage. The Spirit Mountain ski area offers winter sports, while the summer brings opportunities for hiking, biking, and water activities on the lake. Duluth is also known for its diverse artistic community, with local galleries, theaters, and music festivals contributing to its dynamic cultural landscape. The city’s annual events, such as the Duluth Superior Film Festival and the Minnesota Bluegrass and Old-Time Music Festival, draw visitors and celebrate local talent. With its blend of outdoor adventure, artistic vibrancy, and historic charm, Duluth offers a unique experience in the heart of Minnesota.

πŸ” Search & Compare Places

First Location πŸ“