Minneapolis

Population: 426,845
Median household income: $80,269
Median home value: $345,600

Minneapolis is a community in Hennepin County, Minnesota, home to 426,845 residents. Its median household income of $80,269 runs below the Hennepin County figure of $96,339.

Between 2019 and 2023, Minneapolis's population grew 1.6% from 420,324 to 426,845, while its median home value rose 37.4% from $251,600 to $345,600.

Households average 2.16 people. The median gross rent is $1,329.

Demographics

ACS 2019–2023

Population: 426,845
Median age: 33.0 yrs
Median household income: $80,269
Median home value: $345,600
Median gross rent: $1,329
Housing units: 203,217
Homeownership rate: 48.0%
Bachelor's degree or higher: 54.5%
Unemployment rate: 5.7%

Trends

ACS 5-year · 2019–2023

Population

420,324426,845

Median household income

$62,583$80,269

Median home value

$251,600$345,600

Median gross rent

$1,027$1,329

Year	Population	Median household income	Median home value	Median gross rent
2019	420,324	$62,583	$251,600	$1,027
2020	424,536	$66,068	$268,100	$1,078
2021	425,091	$70,099	$284,400	$1,159
2022	426,877	$76,332	$328,700	$1,267
2023	426,845	$80,269	$345,600	$1,329

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.7%

5 to 1713.4%

18 to 2413.2%

25 to 3421.4%

35 to 4414.9%

45 to 5410.7%

55 to 649.9%

65 to 747.0%

75 and over3.8%

	Count	Share
Under 5	24,254	5.7%
5 to 17	57,316	13.4%
18 to 24	56,421	13.2%
25 to 34	91,364	21.4%
35 to 44	63,611	14.9%
45 to 54	45,501	10.7%
55 to 64	42,313	9.9%
65 to 74	29,717	7.0%
75 and over	16,348	3.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	254,183	59.5%
Black or African American	77,104	18.1%
American Indian & Alaska Native	3,052	0.7%
Asian	22,041	5.2%
Native Hawaiian & Pacific Islander	168	0.0%
Some other race	2,414	0.6%
Two or more races	23,135	5.4%
Hispanic or Latino (any race)	44,748	10.5%

Educational attainment (age 25+)

No high school diploma8.9%

High school graduate13.8%

Some college or associate's22.9%

Bachelor's degree32.7%

Graduate or professional degree21.7%

	Count	Share
No high school diploma	25,658	8.9%
High school graduate	39,866	13.8%
Some college or associate's	66,045	22.9%
Bachelor's degree	94,528	32.7%
Graduate or professional degree	62,757	21.7%

Commute to work

Mean travel time to work: 22 min

Drove alone53.4%

Carpooled5.9%

Public transit7.5%

Walked6.0%

Bicycle2.3%

Worked from home23.3%

Other means1.6%

How workers get to work

	Count	Share
Drove alone	128,270	53.4%
Carpooled	14,271	5.9%
Public transit	18,080	7.5%
Walked	14,396	6.0%
Bicycle	5,430	2.3%
Worked from home	56,032	23.3%
Other means	3,742	1.6%

Travel time

	Count	Share
Under 15 min	41,787	22.7%
15 to 29 min	93,017	50.5%
30 to 44 min	35,352	19.2%
45 to 59 min	7,650	4.2%
60+ min	6,383	3.5%

Households

Average household size: 2.16
Poverty rate: 16.4% (67,226 of 410,811)

	Count	Share
Family households	79,565	42.1%
Nonfamily households	109,379	57.9%

Housing

Median year structure built: 1950

Occupancy

	Count	Share
Occupied	188,944	93.0%
Vacant	14,273	7.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	90,686	48.0%
Renter-occupied	98,258	52.0%

1-unit, detached40.5%

1-unit, attached3.7%

2 to 4 units12.3%

5 to 19 units11.0%

20 or more units32.2%

Mobile home & other0.3%

Units in structure

	Count	Share
1-unit, detached	82,307	40.5%
1-unit, attached	7,539	3.7%
2 to 4 units	24,911	12.3%
5 to 19 units	22,328	11.0%
20 or more units	65,497	32.2%
Mobile home & other	635	0.3%

Geography

Place GEOID: 2743000
Type (LSAD): 25
Land area: 54 sq mi
Water area: 3.51 sq mi
Center point: 44.9633, -93.2683