Quick facts: Sandstone, MN

Quick Facts

102.8
Cost of Living
above US average
2,148
Population
24.21
Crime Rate per 1000
above US average
$39,602
Median Income
below US average
$199,000
Median House Price
above US average
$1560
Average Rent
above US average
15%
Poverty Rate
above US average
4.1%
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 $39,602.

🏠

Income Needed to Buy

βœ— Stretch
$62k/year
Based on $199,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $62k vs median $39,602
🏒

Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1560/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $39,602
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sandstone, MN

Sandstone is a small city located in Pine County, Minnesota, situated at the intersection of U.S. Highway 61 and Minnesota State Highway 23. Known for its picturesque landscapes and proximity to natural attractions, Sandstone boasts a rich history tied to the local sandstone quarrying industry. With a population of around 2,500 residents, it offers a tight-knit community atmosphere. The city is surrounded by beautiful forested areas and pristine rivers, making it a popular destination for outdoor enthusiasts. Nearby, the Nemadji State Forest provides ample opportunities for hiking, fishing, and camping. The St. Croix River, just a short drive away, is ideal for canoeing and kayaking. Sandstone is also home to the Vintage Iron Motorcycle Museum, celebrating the history and impact of motorcycles in the region. Annual events, such as the Sandstone Ice Fishing Contest and local fairs, foster community spirit and attract visitors. Overall, Sandstone, MN, is a charming location that combines natural beauty with a sense of history, making it a perfect spot for both residents and visitors seeking a peaceful retreat.

πŸ” Search & Compare Places

First Location πŸ“