What is the population of Montevideo city?

Montevideo city has 5,303 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #143 of 914 in Minnesota.

What is the median household income in Montevideo city?

Median household income in Montevideo city is $65,724 a year, 16.3% below the national figure of $78,538.

How much does it cost to rent or buy in Montevideo city?

Median gross rent is $832 a month and the median home value is $137,600, so rent absorbs about 15.2% of median household income.

Is Montevideo city affordable compared with the rest of the US?

Homes cost about 2.1× the local median income here versus roughly 3.9× nationally, so Montevideo city is more affordable to buy in than the typical US market, and rent takes 15.2% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Minnesota · Census place 43720

Montevideo, MN population, income and ZIP codes

Quick answer

The population of the city of Montevideo, Minnesota (Montevideo, MN — Census place “Montevideo city”) is 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. Looking for the Montevideo Minnesota ZIP code list? 1 ZIP codes serve Montevideo, MN: 56265.

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

Montevideo ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Montevideo.

The Montevideo MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

56265

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

Montevideo city, MN in context

How this area compares with national benchmarks.

Montevideo city is a mid-size town in Minnesota, with 5,303 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #143 of 914 ranked by population — larger than 84% of them. The median age here is 42 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Montevideo city earn a median of $65,724 a year, 16.3% below the national figure of $78,538 and 13% below the $75,469 median for the 361 Minnesota cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 19.3% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Montevideo city is valued at $137,600, 54.6% below the national figure and 43% below the $240,400 peer median, while median gross rent runs $832 a month, 40.8% below the national figure, or roughly $9,984 across a full year. A household on the local median income would put about 15.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.1×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 63.2% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

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Frequently asked questions

Common questions about this area.

What is the population of Montevideo city?: Montevideo city has 5,303 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #143 of 914 in Minnesota.
What is the median household income in Montevideo city?: Median household income in Montevideo city is $65,724 a year, 16.3% below the national figure of $78,538.
How much does it cost to rent or buy in Montevideo city?: Median gross rent is $832 a month and the median home value is $137,600, so rent absorbs about 15.2% of median household income.
Is Montevideo city affordable compared with the rest of the US?: Homes cost about 2.1× the local median income here versus roughly 3.9× nationally, so Montevideo city is more affordable to buy in than the typical US market, and rent takes 15.2% of median income against the 30% cost-burden line.
How current is this Montevideo city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.