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ZipNumbers

Minnesota · Census place 03106

Babbitt city, MN

Quick answer

Babbitt city has 1,420 residents, ranking #305 of 914 places in Minnesota. Median household income is $54,318, the median home is worth $96,000 and median gross rent runs $726 a month.

Population
1,420Babbitt city residents
Median household income
$54,318Past 12 months, inflation adjusted
Median home value
$96,000Owner-occupied units
Median gross rent
$726Rent plus utilities, monthly
Median age
51.3 yrsAll residents
Homeownership rate
81.2%Owner-occupied households

What the numbers mean in Babbitt city

Housing cost measured against local earnings.

A household earning the Babbitt city median would spend about 16% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.9% of residents and 81.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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