Minnesota · Census place 21338
Floodwood city, MN
Quick answer
Floodwood city has 482 residents, ranking #511 of 914 places in Minnesota. Median household income is $40,972, the median home is worth $100,000 and median gross rent runs $667 a month.
- Population
- 482Floodwood city residents
- Median household income
- $40,972Past 12 months, inflation adjusted
- Median home value
- $100,000Owner-occupied units
- Median gross rent
- $667Rent plus utilities, monthly
- Median age
- 41.1 yrsAll residents
- Homeownership rate
- 73.2%Owner-occupied households
What the numbers mean in Floodwood city
Housing cost measured against local earnings.
A household earning the Floodwood city median would spend about 19.5% 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 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.7% of residents and 73.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Danube city 489
- Butterfield city 486
- St. Marys Point city 484
- Verndale city 479
- Lafayette city 478
- Racine city 476
- Jenkins city 472
Keep going
More Minnesota coverage.