Quick facts: Upsala, MN

Quick Facts

102.8
Cost of Living
above US average
481
Population
10.4
Crime Rate per 1000
below US average
$60,956
Median Income
below US average
$224,000
Median House Price
above US average
$1560
Average Rent
above US average
9%
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 $60,956.

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Income Needed to Buy

βœ— Stretch
$70k/year
Based on $224,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $70k vs median $60,956
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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 $60,956
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Upsala, MN

Upsala is a small city located in Morrison County, Minnesota. Nestled in the heart of the state, this serene town offers a welcoming community atmosphere and a rich history, having been founded in the late 1800s. The city is named after Uppsala, a city in Sweden, reflecting the heritage of many of its early settlers. Upsala is renowned for its beautiful natural surroundings, with access to various outdoor activities, including fishing, hiking, and hunting. The nearby Crow Wing River provides recreational opportunities for canoeing and kayaking, while the area is surrounded by lush forests that are perfect for exploring. The community hosts several local events throughout the year, bringing residents together for celebrations and fostering a close-knit environment. Upsala also features local businesses, schools, and parks, making it an ideal place for families looking for a quieter lifestyle while still being part of a vibrant community. Overall, Upsala, MN, embodies the charm of rural Minnesota living with its friendly atmosphere and scenic beauty.

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