Quick facts: Palisade, MN

Quick Facts

102.8
Cost of Living
above US average
166
Population
180.72
Crime Rate per 1000
above US average
$40,417
Median Income
below US average
$139,900
Median House Price
above US average
$1560
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.4%
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 $40,417.

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Income Needed to Buy

βœ— Stretch
$44k/year
Based on $139,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $44k vs median $40,417
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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 $40,417
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Palisade, MN

Palisade is a small community located in Crow Wing County, Minnesota. Nestled along the picturesque shores of the Mississippi River, it offers a serene environment characterized by natural beauty and outdoor recreational opportunities. With a population of just a few hundred residents, Palisade embodies a tight-knit, rural atmosphere, perfect for those seeking a quieter lifestyle. The surrounding area is rich with forests, rivers, and lakes, providing ample opportunities for fishing, hiking, and camping. Notable nearby attractions include the Crow Wing State Park and the charming town of Brainerd, which is not far away and offers additional amenities, shopping, and entertainment options. Palisade has a strong sense of community, and locals often come together for various events and gatherings, fostering a warm and welcoming spirit. Although the town is small, it is an ideal location for nature lovers and those looking to escape the hustle and bustle of urban life while still being within reach of larger city conveniences.

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