What is the population of Credit River city?

Credit River city has 5,531 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #141 of 914 in Minnesota.

What is the median household income in Credit River city?

Median household income in Credit River city is $149,524 a year, 90.4% above the national figure of $78,538.

How much does it cost to rent or buy in Credit River city?

Median gross rent is $890 a month and the median home value is $577,600, so rent absorbs about 7.1% of median household income.

Is Credit River city affordable compared with the rest of the US?

Homes cost about 3.9× the local median income here versus roughly 3.9× nationally, so Credit River city is more affordable to buy in than the typical US market, and rent takes 7.1% of median income against the 30% cost-burden line.

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Minnesota · Census place 13708

Credit River, MN population, income and housing data

Quick answer

The population of the city of Credit River, Minnesota (Credit River, MN — Census place “Credit River city”) is 5,531 residents, ranking #141 of 914 places in Minnesota. Median household income is $149,524, the median home is worth $577,600 and median gross rent runs $890 a month.

Population: 5,531Credit River city residents
Median household income: $149,524Past 12 months, inflation adjusted
Median home value: $577,600Owner-occupied units
Median gross rent: $890Rent plus utilities, monthly
Median age: 43 yrsAll residents
Homeownership rate: 97.7%Owner-occupied households

What the numbers mean in Credit River city

Housing cost measured against local earnings.

A household earning the Credit River city median would spend about 7.1% 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 3.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 1.6% of residents and 97.7% of households own their home.

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

Credit River city, MN in context

How this area compares with national benchmarks.

Credit River city is a mid-size town in Minnesota, with 5,531 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #141 of 914 ranked by population — larger than 84% of them. The median age here is 43 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Credit River city earn a median of $149,524 a year, 90.4% above the national figure of $78,538 and 98% above the $75,469 median for the 361 Minnesota cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 1.6% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Credit River city is valued at $577,600, 90.4% above the national figure and 140% above the $240,400 peer median, while median gross rent runs $890 a month, 36.7% below the national figure, or roughly $10,680 across a full year. A household on the local median income would put about 7.1% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 97.7% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Credit River city?: Credit River city has 5,531 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #141 of 914 in Minnesota.
What is the median household income in Credit River city?: Median household income in Credit River city is $149,524 a year, 90.4% above the national figure of $78,538.
How much does it cost to rent or buy in Credit River city?: Median gross rent is $890 a month and the median home value is $577,600, so rent absorbs about 7.1% of median household income.
Is Credit River city affordable compared with the rest of the US?: Homes cost about 3.9× the local median income here versus roughly 3.9× nationally, so Credit River city is more affordable to buy in than the typical US market, and rent takes 7.1% of median income against the 30% cost-burden line.
How current is this Credit River city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.