Quick facts: Rogers, MN

Quick Facts

102.8
Cost of Living
above US average
13,500
Population
21.19
Crime Rate per 1000
below US average
$154,611
Median Income
above US average
$475,000
Median House Price
above US average
$3076.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
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 $154,611.

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Income Needed to Buy

βœ“ Affordable
$149k/year
Based on $475,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($154,611) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$132k/year
Based on $3076.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($154,611) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rogers, MN

Rogers is a vibrant city located in Hennepin and Wright counties in Minnesota, approximately 30 miles northwest of Minneapolis. Known for its friendly community atmosphere, Rogers boasts a mix of suburban and rural charm. The city is home to several parks and recreational areas, including the popular Rogers Activity Center, providing ample opportunities for outdoor activities such as hiking, biking, and sports. Rogers has a diverse economy with local businesses, retail centers, and access to larger metropolitan amenities nearby. The city is known for its family-friendly environment, excellent schools, and a strong sense of community. Real estate in Rogers ranges from single-family homes to developments, making it an appealing choice for families and individuals alike. With convenient access to major highways, residents can easily commute to Minneapolis and other nearby cities, enjoying the benefits of suburban living while still having the vibrancy of the city within reach. Additionally, Rogers offers a variety of dining options and local events that foster community engagement throughout the year.

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