Minnesota · Census place 59314
Shafer city, MN
Quick answer
Shafer city has 1,151 residents, ranking #341 of 914 places in Minnesota. Median household income is $96,042, the median home is worth $225,700 and median gross rent runs $954 a month.
- Population
- 1,151Shafer city residents
- Median household income
- $96,042Past 12 months, inflation adjusted
- Median home value
- $225,700Owner-occupied units
- Median gross rent
- $954Rent plus utilities, monthly
- Median age
- 35.5 yrsAll residents
- Homeownership rate
- 81.9%Owner-occupied households
What the numbers mean in Shafer city
Housing cost measured against local earnings.
A household earning the Shafer city median would spend about 11.9% 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 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.1% of residents and 81.9% 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.
- East Gull Lake city 1,173
- Elbow Lake city 1,158
- New London city 1,156
- Elgin city 1,147
- Dellwood city 1,145
- Fairfax city 1,134
- Cottonwood city 1,120
Keep going
More Minnesota coverage.