Minnesota · Census place 43720
Montevideo city, MN
Quick answer
Montevideo city has 5,303 residents, ranking #143 of 914 places in Minnesota. Median household income is $65,724, the median home is worth $137,600 and median gross rent runs $832 a month.
- Population
- 5,303Montevideo city residents
- Median household income
- $65,724Past 12 months, inflation adjusted
- Median home value
- $137,600Owner-occupied units
- Median gross rent
- $832Rent plus utilities, monthly
- Median age
- 42 yrsAll residents
- Homeownership rate
- 63.2%Owner-occupied households
What the numbers mean in Montevideo city
Housing cost measured against local earnings.
A household earning the Montevideo city median would spend about 15.2% 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 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.3% of residents and 63.2% 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.
- Chisago City city 5,629
- Credit River city 5,531
- St. Paul Park city 5,464
- La Crescent city 5,266
- North Oaks city 5,175
- Falcon Heights city 5,145
- Morris city 5,092
Keep going
More Minnesota coverage.