Quick facts: Saint joseph, MN

Quick Facts

102.8
Cost of Living
above US average
7,103
Population
5.07
Crime Rate per 1000
below US average
$74,318
Median Income
below US average
$329,900
Median House Price
above US average
$1560
Average Rent
above US average
6%
Poverty Rate
below US average
2.5%
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 $74,318.

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Income Needed to Buy

βœ— Stretch
$103k/year
Based on $329,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $103k vs median $74,318
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Income Needed to Rent

βœ“ Affordable
$67k/year
Based on $1560/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($74,318) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Saint joseph, MN

Saint Joseph is a charming city located in Stearns County, Minnesota, with a close-knit community feel and a rich history. Nestled near the banks of the Sauk River, the city offers a picturesque setting with plenty of natural beauty. With a population of around 6,500 residents, Saint Joseph is primarily known for its friendly atmosphere, welcoming neighborhoods, and excellent quality of life. The city is home to the College of Saint Benedict, which adds a vibrant cultural and educational dimension to the area. Residents enjoy a range of recreational activities, including parks, trails, and nearby lakes, perfect for hiking, biking, and fishing. The local economy is diverse, with small businesses, educational institutions, and healthcare facilities contributing to its growth. Saint Joseph hosts various community events throughout the year, fostering strong community ties and a spirited local culture. Accessibility to nearby cities like St. Cloud enhances its appeal for those seeking a blend of small-town charm and urban conveniences. Overall, Saint Joseph is a delightful place to live, work, and visit.

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