Quick facts: Williams, MN

Quick Facts

102.8
Cost of Living
above US average
160
Population
281.25
Crime Rate per 1000
above US average
$27,059
Median Income
below US average
$125,000
Median House Price
above US average
$1560
Average Rent
above US average
13%
Poverty Rate
above US average
4.5%
Unemployment Rate
above 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 $27,059.

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Income Needed to Buy

βœ— Stretch
$39k/year
Based on $125,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $39k vs median $27,059
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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 $27,059
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Williams, MN

Williams, Minnesota, is a small city located in the north-central part of the state, within Beltrami County. With a population under 500, it offers a quaint, close-knit community feel. Nestled near the shore of Lake of the Woods and the vast landscapes of the Chippewa National Forest, Williams is an ideal destination for outdoor enthusiasts. The area is popular for fishing, hunting, hiking, and snowmobiling, making it particularly appealing to those who enjoy recreational activities in nature. Williams is conveniently located near the intersection of U.S. Highway 71 and State Highway 11, providing easy access to surrounding areas, including the larger city of Bemidji, about 35 miles to the south. The city embodies a rich history with a mix of Native American heritage and early settler culture, which can be explored in local landmarks and community events. Local amenities include a few shops, dining options, and parks, providing residents and visitors with a rural charm and hospitality unique to small-town America. Whether you're seeking tranquility or adventure, Williams is a hidden gem in the heart of Minnesota's wilderness.

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