Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Located in the state of Minnesota, Park Rapids is a small city with a population of 4,151 people. If we look at the most recent Census, Park Rapids is known to have a predominantly White population. The next two most common races are American Indian and Alaskan and Black. If you are not a fan of long commutes, you will enjoy living in Park Rapids. With an average one way commute time of only 21 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Living in Park Rapids can be a fulfilling experience for anyone relocating to the city. Having said that, in the state of Minnesota, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like cost of living, health & safety, education, housing and other key data points, finding the best places to live in Park Rapids and in the areas around Park Rapids is a much easier task.
Using data and statistics Park Rapids has received a livability score of 70 out of 100. This score is ranked in the 78th percentile when compared to all other cities. For each of the livability categories, we see that Park Rapids ranks very well for crime (B-), cost of living (B+) and housing (A). There are some categories that Park Rapids does not rank well for, including: amenities (F) and employment (D-). It might be worth taking a closer look to figure out why.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Park Rapids has an unemployment rate of 2.42% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Park Rapids has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Park Rapids is actually affordable. The median home price for Park Rapids homes is $173,500, which is 9.4% lower than the Minnesota average. If we take a closer look at the affordability of homes in Park Rapids, we’ll see that the home price to income ratio is 4.6, which is 53.3% higher than the Minnesota average.
| Statistic | Park Rapids | Minnesota | National |
| Average one way commute | 21min | 23min | 26min |
| Workers who drive to work | 74.9% | 78.0% | 76.4% |
| Workers who carpool | 7.7% | 8.7% | 9.3% |
| Workers who take public transit | 2.0% | 3.5% | 5.1% |
| Workers who bicycle | 0.9% | 0.8% | 0.6% |
| Workers who walk | 5.5% | 2.8% | 2.8% |
| Working from home | 8.6% | 5.3% | 4.6% |
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