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ZipNumbers

Minnesota · Census place 38222

Loretto city, MN

Quick answer

Loretto city has 805 residents, ranking #398 of 914 places in Minnesota. Median household income is $110,833, the median home is worth $350,600 and median gross rent runs $888 a month.

Population
805Loretto city residents
Median household income
$110,833Past 12 months, inflation adjusted
Median home value
$350,600Owner-occupied units
Median gross rent
$888Rent plus utilities, monthly
Median age
35.6 yrsAll residents
Homeownership rate
82.7%Owner-occupied households

What the numbers mean in Loretto city

Housing cost measured against local earnings.

A household earning the Loretto city median would spend about 9.6% 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 3.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.7% of residents and 82.7% of households own their home.

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

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