Quick facts: Long prairie, MN

Quick Facts

102.8
Cost of Living
above US average
3,704
Population
7.29
Crime Rate per 1000
below US average
$60,313
Median Income
below US average
$210,000
Median House Price
above US average
$1560
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
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 $60,313.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $210,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $60,313
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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 $60,313
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Long prairie, MN

Long Prairie is a charming small city located in Todd County, Minnesota. With a population of around 3,400 residents, it serves as the county seat and is known for its friendly community and picturesque landscapes. The city is situated along the Long Prairie River, offering natural beauty and recreational opportunities, such as fishing, canoeing, and hiking. Long Prairie features a mix of local businesses, restaurants, and services that cater to its residents and visitors. The area has a rich history, with several historic buildings and sites reflecting its agricultural roots and the early settlement period. Outdoor enthusiasts can enjoy numerous parks and nearby lakes, enhancing the small-town experience with activities like camping and bird watching. Annual community events, including festivals and fairs, bring residents together and celebrate local culture. Long Prairie is also conveniently located off U.S. Highway 71, providing easy access to larger neighboring towns and cities, making it an ideal spot for those seeking a quieter lifestyle while still being connected to urban amenities. Overall, it offers a warm, welcoming environment for families and individuals alike.

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