Living in Deerwood, Minnesota
Cost of living, income, home prices, rent and demographics of Deerwood · Census data 2020–2024
Deerwood has 710 residents with a median age of 35.7. The median household income is $62,981 (29% lower than the Minnesota median), the median home value is $225,000, the median rent is $711/month.
Deerwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Deerwood at a glance
- Population
- 710
- Median age
- 35.7State: 38.8
- Median household income
- $62,981State: $89,062
- Median home value
- $225,000State: $329,300
- Median rent
- $711/moState: $1,280
- Homeowners
- 59.3%
- Bachelor's degree or higher
- 27%
- Average commute
- 18 min
Is Deerwood a good place to live?
Pros: Home values 32% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 29% lower than the Minnesota median; unemployment of 4.8%; a poverty rate of 10.8%.
The weather is best in June to September.
Cost of living in Deerwood
Housing is the biggest part of the cost of living. In Deerwood the median home value is $225,000, 32% lower than the U.S. median. Renters pay a median of $711 per month, which is 24.3% of household income. Homeowners with a mortgage pay $1,250 a month in housing costs.
Deerwood median household income
The median household income in Deerwood is $62,981 and the income per person is $33,533. 10.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Deerwood: homes for sale and rent
- Housing units
- 333
- Owner-occupied
- 59.3%
- Renter-occupied
- 40.7%
- Vacant
- 18.9%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.63
Deerwood demographics
- Population
- 710
- Median age
- 35.7
- Under 18
- 38%
- 65 and older
- 15.5%
- Households
- 270
- Foreign-born
- 0%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Deerwood ›
Education in Deerwood
27% of adults 25 and older in Deerwood have a bachelor's degree or higher (Minnesota: 39.4%), and 10.7% have a graduate or professional degree.
Jobs and commute in Deerwood
- Unemployment rate
- 4.8%State: 4.1%
- Average commute
- 18 minState: 23 min
- Work from home
- 6.3%
- Drive alone
- 76.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87.8%
Deerwood vs nearby towns
More for people moving to Deerwood
Deerwood ZIP code ›Weather and climate ›Living in Deerwood: FAQ
What is the median household income in Deerwood, MN?
The median household income in Deerwood is $62,981, 29% lower 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 Deerwood?
The median home value in Deerwood is $225,000, compared with $329,300 in Minnesota.
How much is rent in Deerwood?
The median gross rent in Deerwood is $711 per month, about 24.3% of household income.
Is Deerwood, MN a good place to live?
Pluses: home values 32% lower than the state median; an average commute of 18 minutes. Minuses: median household income 29% lower than the Minnesota median; unemployment of 4.8%; a poverty rate of 10.8%.
What is the median age in Deerwood?
The median age in Deerwood is 35.7 years (Minnesota: 38.8).
How long is the commute in Deerwood?
The average commute to work in Deerwood is 18 minutes; 6.3% of workers work from home.
What is the unemployment rate in Deerwood?
The unemployment rate in Deerwood is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Deerwood?
27% of adults in Deerwood 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.
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