Quick facts: Danube, MN

Quick Facts

102.8
Cost of Living
above US average
450
Population
17.78
Crime Rate per 1000
below US average
$57,083
Median Income
below US average
$130,000
Median House Price
above US average
$1560
Average Rent
above US average
5%
Poverty Rate
below US average
4.2%
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 $57,083.

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Income Needed to Buy

βœ“ Affordable
$41k/year
Based on $130,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($57,083) exceeds requirement
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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 $57,083
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Danube, MN

Danube is a small city located in Chippewa County, Minnesota. With a population of just a few hundred residents, it embodies a charming sense of community typical of many rural towns in the Midwest. Nestled among picturesque landscapes, Danube offers a serene environment characterized by its agricultural surroundings, charming homes, and friendly locals. The city is known for its strong agricultural roots, contributing to the local economy and providing a quintessential small-town feel. Residents enjoy various outdoor activities, thanks to its proximity to beautiful natural areas, including parks and rivers. Danube's community events and gatherings reflect its close-knit atmosphere, fostering connections among residents. The town is well-connected to larger cities nearby, such as Willmar and Montevideo, which offer additional amenities and services. Overall, Danube is an appealing location for those seeking a quiet lifestyle while still having access to the resources of larger urban centers.

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