Minnesota · Census place 49966
Paynesville city, MN
Quick answer
Paynesville city has 2,476 residents, ranking #236 of 914 places in Minnesota. Median household income is $72,105, the median home is worth $168,800 and median gross rent runs $791 a month.
- Population
- 2,476Paynesville city residents
- Median household income
- $72,105Past 12 months, inflation adjusted
- Median home value
- $168,800Owner-occupied units
- Median gross rent
- $791Rent plus utilities, monthly
- Median age
- 40.6 yrsAll residents
- Homeownership rate
- 69.2%Owner-occupied households
What the numbers mean in Paynesville city
Housing cost measured against local earnings.
A household earning the Paynesville city median would spend about 13.2% 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 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.5% of residents and 69.2% 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.
- Rockville city 2,521
- Le Center city 2,514
- Mayer city 2,501
- Janesville city 2,449
- Lauderdale city 2,386
- Madelia city 2,380
- Excelsior city 2,359
Keep going
More Minnesota coverage.