Minnesota · Census place 30842
Independence city, MN
Quick answer
Independence city has 3,695 residents, ranking #187 of 914 places in Minnesota. Median household income is $194,205, the median home is worth $757,800 and median gross rent runs $3,500 a month.
- Population
- 3,695Independence city residents
- Median household income
- $194,205Past 12 months, inflation adjusted
- Median home value
- $757,800Owner-occupied units
- Median gross rent
- $3,500Rent plus utilities, monthly
- Median age
- 45.9 yrsAll residents
- Homeownership rate
- 91.6%Owner-occupied households
What the numbers mean in Independence city
Housing cost measured against local earnings.
A household earning the Independence city median would spend about 21.6% 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 0.5% of residents and 91.6% 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.
- Montrose city 3,840
- Deephaven city 3,835
- Mora city 3,708
- Pine Island city 3,693
- Long Prairie city 3,683
- Melrose city 3,608
- Two Harbors city 3,598
Keep going
More Minnesota coverage.