Minnesota · Census place 65272
Tower city, MN
Quick answer
Tower city has 427 residents, ranking #545 of 914 places in Minnesota. Median household income is $60,156, the median home is worth $113,600 and median gross rent runs $565 a month.
- Population
- 427Tower city residents
- Median household income
- $60,156Past 12 months, inflation adjusted
- Median home value
- $113,600Owner-occupied units
- Median gross rent
- $565Rent plus utilities, monthly
- Median age
- 49.2 yrsAll residents
- Homeownership rate
- 82%Owner-occupied households
What the numbers mean in Tower city
Housing cost measured against local earnings.
A household earning the Tower city median would spend about 11.3% 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 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.8% of residents and 82% 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.
- Herman city 428
- Chokio city 427
- Cook city 427
- Crown College CDP 426
- Fisher city 426
- Good Thunder city 423
- Badger city 419
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