Quick facts: Marble, MN

Quick Facts

102.8
Cost of Living
above US average
611
Population
32.73
Crime Rate per 1000
above US average
$51,094
Median Income
below US average
$182,000
Median House Price
above US average
$2400.0
Average Rent
above US average
10%
Poverty Rate
below US average
4.0%
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 $51,094.

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Income Needed to Buy

βœ— Stretch
$57k/year
Based on $182,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $57k vs median $51,094
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Income Needed to Rent

⚠ Stretch
$103k/year
Based on $2400.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $103k vs median $51,094
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marble, MN

Marble is a small city located in Itasca County, Minnesota, with a rich mining history and a close-knit community atmosphere. Nestled within the Chippewa National Forest, Marble offers residents and visitors alike a picturesque setting characterized by natural beauty and outdoor recreational opportunities. The town is known for its tranquil environment, making it ideal for those who appreciate nature and small-town living. Historically, Marble has been shaped by the local mining industry, particularly the production of marble. Today, the city's economy is diversified, with local businesses serving residents and attracting visitors. The surrounding area offers various outdoor activities, including hiking, fishing, and camping, providing ample opportunity to explore Minnesota's beautiful landscapes. Marble is positioned conveniently near larger towns, allowing easy access to more extensive services and amenities while preserving its peaceful small-town charm. With a friendly community and a wealth of natural surroundings, Marble represents a unique retreat for those looking to experience the serene lifestyle of northern Minnesota.

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