Quick facts: Backus, MN

Quick Facts

102.8
Cost of Living
above US average
270
Population
3.7
Crime Rate per 1000
below US average
$49,250
Median Income
below US average
$117,000
Median House Price
above US average
$1550.0
Average Rent
above US average
8%
Poverty Rate
below US average
3.4%
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 $49,250.

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Income Needed to Buy

βœ“ Affordable
$37k/year
Based on $117,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($49,250) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1550.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $49,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Backus, MN

Backus is a small, charming town located in Cass County, Minnesota. Situated approximately 30 miles northwest of Brainerd, Backus offers a serene and picturesque setting typical of northern Minnesota’s landscape, filled with forests, lakes, and outdoor recreational opportunities. The population is modest, fostering a close-knit community atmosphere. The town is surrounded by natural beauty, making it an ideal destination for outdoor enthusiasts. Nearby lakes, such as Lake Sibley and the multitude of others in the region, provide opportunities for fishing, boating, and swimming in the summer, while the winter months attract snowmobilers and ice fishers. Backus also hosts various local events and activities, which enhance the community spirit. Its serene environment and access to outdoor adventures make it a delightful spot for both residents and visitors looking to enjoy the tranquility of rural Minnesota. The rural charm, combined with essential amenities, provides a comfortable lifestyle in a friendly and welcoming environment.

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