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ZipNumbers

Minnesota · Census place 38564

Luverne city, MN

Quick answer

Luverne city has 4,907 residents, ranking #155 of 914 places in Minnesota. Median household income is $66,145, the median home is worth $181,100 and median gross rent runs $718 a month.

Population
4,907Luverne city residents
Median household income
$66,145Past 12 months, inflation adjusted
Median home value
$181,100Owner-occupied units
Median gross rent
$718Rent plus utilities, monthly
Median age
38.2 yrsAll residents
Homeownership rate
70.7%Owner-occupied households

What the numbers mean in Luverne city

Housing cost measured against local earnings.

A household earning the Luverne city median would spend about 13% 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 2.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.6% of residents and 70.7% 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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