Quick facts: Saint charles, MN

Quick Facts

102.8
Cost of Living
above US average
3,993
Population
6.26
Crime Rate per 1000
below US average
$91,326
Median Income
above US average
$224,500
Median House Price
above US average
$947.5
Average Rent
below US average
5%
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 $91,326.

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Income Needed to Buy

βœ“ Affordable
$70k/year
Based on $224,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($91,326) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$41k/year
Based on $947.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($91,326) 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 charles, MN

Saint Charles is a charming city located in southeast Minnesota, within Winona County. Nestled along the banks of the Whitewater River, the city enjoys a picturesque setting surrounded by rolling hills and scenic landscapes. With a population of around 3,500 residents, Saint Charles offers a tight-knit community atmosphere, making it a welcoming place for families and new residents. The city is known for its rich history, with many historic buildings and sites that reflect its past. Outdoor enthusiasts will appreciate the numerous parks and recreational opportunities available, including hiking, biking, and fishing. The nearby Whitewater State Park provides stunning trails and natural beauty. Saint Charles hosts a variety of local events and festivals throughout the year, fostering community spirit and engagement. The local economy is supported by small businesses and agriculture, contributing to the city’s vibrant culture. Overall, Saint Charles combines the charm of small-town living with access to beautiful natural surroundings, making it an appealing destination for both residents and visitors alike.

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