Quick facts: Saint cloud, MN

Quick Facts

95.3
Cost of Living
below US average
69,568
Population
46.88
Crime Rate per 1000
above US average
$58,910
Median Income
below US average
$285,000
Median House Price
above US average
$937.93
Average Rent
below US average
11%
Poverty Rate
above US average
4.3%
Unemployment Rate
above 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 $58,910.

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Income Needed to Buy

βœ— Stretch
$89k/year
Based on $285,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $89k vs median $58,910
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Income Needed to Rent

βœ“ Affordable
$40k/year
Based on $937.93/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($58,910) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Saint cloud, MN

Saint Cloud is a vibrant city located in Central Minnesota, serving as the county seat of Stearns County. With a population of around 67,000, it is noted for its rich history, diverse community, and a strong educational presence, anchored by St. Cloud State University. The city offers a mix of urban amenities and scenic nature, thanks to its location along the banks of the Mississippi River. The downtown area features a variety of shops, restaurants, and cultural attractions, including the historic Paramount Theatre and the Stearns History Museum. Outdoor enthusiasts will appreciate the numerous parks and recreational opportunities, such as Lake George and the extensive trail system that invites biking, hiking, and winter sports. Saint Cloud also boasts a thriving economy, with healthcare, education, and manufacturing as key sectors. The city hosts several annual events, including the Granite City Days festival, which highlights community spirit. Overall, Saint Cloud is a welcoming city with a blend of culture, history, and a strong sense of community.

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