Skip to content
ZipNumbers

Minnesota · Census place 43000

Minneapolis city, MN

Quick answer

Minneapolis city has 426,845 residents, ranking #1 of 914 places in Minnesota. Median household income is $80,269, the median home is worth $345,600 and median gross rent runs $1,329 a month.

Population
426,845Minneapolis city residents
Median household income
$80,269Past 12 months, inflation adjusted
Median home value
$345,600Owner-occupied units
Median gross rent
$1,329Rent plus utilities, monthly
Median age
33 yrsAll residents
Homeownership rate
48%Owner-occupied households

What the numbers mean in Minneapolis city

Housing cost measured against local earnings.

A household earning the Minneapolis city median would spend about 19.9% 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 4.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16.4% of residents and 48% 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.

More Minnesota coverage.