Quick facts: Stillwater, MN

Quick Facts

102.8
Cost of Living
above US average
19,276
Population
9.91
Crime Rate per 1000
below US average
$107,986
Median Income
above US average
$575,000
Median House Price
above US average
$3349.83
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
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 $107,986.

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Income Needed to Buy

βœ— Stretch
$180k/year
Based on $575,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $180k vs median $107,986
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Income Needed to Rent

⚠ Stretch
$144k/year
Based on $3349.83/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $144k vs median $107,986
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stillwater, MN

Stillwater, Minnesota, is a picturesque city located on the banks of the St. Croix River, about 30 miles east of St. Paul. Known for its rich history, Stillwater was established in the early 19th century and quickly became a significant lumber town. Today, it features charming historic architecture, including the Washington County Courthouse and numerous Victorian homes. The city is often celebrated for its vibrant downtown area, filled with unique shops, restaurants, and art galleries. Visitors can enjoy the scenic views of the river, parks like Lowell Park, and outdoor recreational activities such as boating, fishing, and hiking along the various trails. Stillwater also hosts numerous annual events, including the Stillwater Lumberjack Days and the Rivertown Art Festival, attracting tourists and locals alike. With its blend of history, culture, and natural beauty, Stillwater offers a delightful experience for those seeking to explore its quaint charm.

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