Shafer, MN
1,186Residents
$99,489Median household income
$966/moMedian gross rent
$242,800Median home value
34.0Median age
21%Adults with a bachelor’s degree or higher
85%Homes lived in by their owners
2.4×Home value to household income
Median rent takes about 12% of the median household income in Shafer.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $39,000 a year. In Minnesota that leaves roughly $2,572 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.