Quick facts: Cloquet, MN

Quick Facts

102.8
Cost of Living
above US average
12,603
Population
16.98
Crime Rate per 1000
below US average
$59,647
Median Income
below US average
$269,900
Median House Price
above US average
$1560
Average Rent
above US average
8%
Poverty Rate
below US average
3.2%
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 $59,647.

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Income Needed to Buy

βœ— Stretch
$85k/year
Based on $269,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $85k vs median $59,647
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Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1560/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $59,647
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cloquet, MN

Cloquet, Minnesota, nestled along the banks of the St. Louis River, is a small city known for its rich history and vibrant community. With a population of around 12,000 residents, Cloquet serves as a gateway to the natural beauty of northeastern Minnesota, making it an ideal destination for outdoor enthusiasts. The city's history dates back to the late 1800s, when it was established as a lumber town. Today, its charming downtown area features local shops, restaurants, and cultural attractions, reflecting its storied past. Cloquet is also home to several parks and recreational facilities, including the popular Cloquet River Trail, perfect for hiking, biking, and enjoying the scenic landscapes. The Cloquet area is known for its strong community spirit and hosts various events throughout the year, including the annual Cloquet Riverfest, which celebrates the city’s heritage and promotes local businesses. Additionally, with its close proximity to Duluth, residents can easily access urban amenities while enjoying the charm of small-town living. Overall, Cloquet combines a rich heritage with a welcoming atmosphere and abundant recreational activities, making it a hidden gem in Minnesota.

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