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ZipNumbers

Minnesota · Census place 50596

Peterson city, MN

Quick answer

Peterson city has 256 residents, ranking #639 of 914 places in Minnesota. Median household income is $66,250, the median home is worth $112,500 and median gross rent runs $538 a month.

Population
256Peterson city residents
Median household income
$66,250Past 12 months, inflation adjusted
Median home value
$112,500Owner-occupied units
Median gross rent
$538Rent plus utilities, monthly
Median age
31.5 yrsAll residents
Homeownership rate
91.8%Owner-occupied households

What the numbers mean in Peterson city

Housing cost measured against local earnings.

A household earning the Peterson city median would spend about 9.7% 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 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16.8% of residents and 91.8% 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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