Quick facts: Kasson, MN

Quick Facts

102.8
Cost of Living
above US average
6,996
Population
8.15
Crime Rate per 1000
below US average
$91,581
Median Income
above US average
$425,000
Median House Price
above US average
$1775.0
Average Rent
above US average
7%
Poverty Rate
below US average
3.1%
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 $91,581.

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Income Needed to Buy

βœ— Stretch
$133k/year
Based on $425,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $133k vs median $91,581
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Income Needed to Rent

βœ“ Affordable
$76k/year
Based on $1775.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($91,581) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kasson, MN

Kasson is a charming city located in Dodge County, Minnesota, with a population of around 6,000 residents. It is situated approximately 12 miles west of Rochester, making it a convenient residential area for those who work in the larger city. Kasson is characterized by its friendly atmosphere and a strong sense of community, offering a range of local events and organizations that foster connections among residents. The city features a variety of parks and recreational facilities, including the Kasson Sports Arena and numerous walking trails, appealing to families and outdoor enthusiasts. The local school district focuses on providing quality education and numerous extracurricular programs, ensuring a well-rounded experience for students. Kasson hosts annual events like the Kasson Corn Days festival, celebrating its agricultural roots with parades, food, and entertainment. The downtown area boasts unique shops and eateries, adding to its small-town charm. Overall, Kasson offers a peaceful lifestyle with easy access to the amenities of larger urban centers, making it an appealing place to live for families and individuals alike.

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