Living in Credit River, Minnesota
Cost of living, income, home prices, rent and demographics of Credit River · Census data 2020–2024
Credit River has 5,551 residents with a median age of 44.8. The median household income is $143,125 (61% higher than the Minnesota median), the median home value is $595,000.
Credit River at a glance
- Population
- 5,551
- Median age
- 44.8State: 38.8
- Median household income
- $143,125State: $89,062
- Median home value
- $595,000State: $329,300
- Homeowners
- 97.5%
- Bachelor's degree or higher
- 44.2%
- Average commute
- 24 min
Is Credit River a good place to live?
Pros: Median household income 61% higher than the Minnesota median; unemployment of 1.9%; a poverty rate of 2.1%.
Cons: Home values 81% higher than the state median; an average commute of 24 minutes.
The weather is best in June to September.
Cost of living in Credit River
Housing is the biggest part of the cost of living. In Credit River the median home value is $595,000, 79% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,763 a month in housing costs.
Credit River median household income
The median household income in Credit River is $143,125 and the income per person is $75,691. 2.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Credit River: homes for sale and rent
- Housing units
- 2,000
- Owner-occupied
- 97.5%
- Renter-occupied
- 2.5%
- Vacant
- 3%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.85
Credit River demographics
- Population
- 5,551
- Median age
- 44.8
- Under 18
- 18.5%
- 65 and older
- 13.9%
- Households
- 1,941
- Foreign-born
- 5.3%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Credit River ›
Education in Credit River
44.2% of adults 25 and older in Credit River have a bachelor's degree or higher (Minnesota: 39.4%), and 12% have a graduate or professional degree.
Jobs and commute in Credit River
- Unemployment rate
- 1.9%State: 4.1%
- Average commute
- 24 minState: 23 min
- Work from home
- 16.8%
- Drive alone
- 71.8%
- Public transit
- 0.5%
- Walk to work
- 0.3%
- Homes with broadband
- 97.5%
Credit River vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Credit River | 5,551 | $143,125 | $595,000 | — |
| Lakeville | 74,354 | $139,041 | $452,500 | $1,806 |
| Prior Lake | 28,016 | $134,255 | $450,700 | $1,654 |
| Savage | 32,889 | $125,513 | $432,300 | $1,766 |
| Elko New Market | 5,002 | $152,150 | $433,100 | $2,200 |
| Burnsville | 64,463 | $87,024 | $355,200 | $1,513 |
| Shakopee | 46,012 | $107,223 | $374,800 | $1,531 |
| Apple Valley | 55,679 | $97,673 | $370,400 | $1,738 |
| Farmington | 23,902 | $123,673 | $366,200 | $1,241 |
More for people moving to Credit River
Credit River ZIP code ›Weather and climate ›Living in Credit River: FAQ
What is the median household income in Credit River, MN?
The median household income in Credit River is $143,125, 61% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Credit River?
The median home value in Credit River is $595,000, compared with $329,300 in Minnesota.
Is Credit River, MN a good place to live?
Pluses: median household income 61% higher than the Minnesota median; unemployment of 1.9%; a poverty rate of 2.1%. Minuses: home values 81% higher than the state median; an average commute of 24 minutes.
What is the median age in Credit River?
The median age in Credit River is 44.8 years (Minnesota: 38.8).
How long is the commute in Credit River?
The average commute to work in Credit River is 24 minutes; 16.8% of workers work from home.
What is the unemployment rate in Credit River?
The unemployment rate in Credit River is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Credit River?
44.2% of adults in Credit River have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: