Living in Excelsior, Minnesota
Cost of living, income, home prices, rent and demographics of Excelsior · Census data 2020–2024
Excelsior has 2,570 residents with a median age of 47.1. The median household income is $103,068 (16% higher than the Minnesota median), the median home value is $909,200, the median rent is $1,143/month.
Excelsior at a glance
- Population
- 2,570
- Median age
- 47.1State: 38.8
- Median household income
- $103,068State: $89,062
- Median home value
- $909,200State: $329,300
- Median rent
- $1,143/moState: $1,280
- Homeowners
- 48.3%
- Bachelor's degree or higher
- 58.2%
- Average commute
- 28 min
Is Excelsior a good place to live?
Pros: Median household income 16% higher than the Minnesota median; unemployment of 0%.
Cons: Home values 176% higher than the state median; an average commute of 28 minutes; a poverty rate of 10%.
The weather is best in June to September.
Cost of living in Excelsior
Housing is the biggest part of the cost of living. In Excelsior the median home value is $909,200, 173% higher than the U.S. median. Renters pay a median of $1,143 per month, which is 23% of household income. Homeowners with a mortgage pay $2,900 a month in housing costs.
Excelsior median household income
The median household income in Excelsior is $103,068 and the income per person is $84,021. 10% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Excelsior: homes for sale and rent
- Housing units
- 1,530
- Owner-occupied
- 48.3%
- Renter-occupied
- 51.7%
- Vacant
- 16.9%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 1.93
Excelsior demographics
- Population
- 2,570
- Median age
- 47.1
- Under 18
- 15.3%
- 65 and older
- 18.9%
- Households
- 1,272
- Foreign-born
- 6%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Excelsior ›
Education in Excelsior
58.2% of adults 25 and older in Excelsior have a bachelor's degree or higher (Minnesota: 39.4%), and 15.2% have a graduate or professional degree.
Jobs and commute in Excelsior
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 28 minState: 23 min
- Work from home
- 23.2%
- Drive alone
- 69.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 98.1%
Excelsior vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Excelsior | 2,570 | $103,068 | $909,200 | $1,143 |
| Greenwood | 699 | $215,278 | $1,240,400 | $1,885 |
| Tonka Bay | 1,270 | $156,458 | $917,100 | $2,320 |
| Shorewood | 7,647 | $171,063 | $703,200 | $1,607 |
| Village of Minnetonka Beach | 469 | $250,001 | $2,000,001 | — |
| Deephaven | 3,793 | $197,679 | $935,900 | — |
| Chanhassen | 26,006 | $143,651 | $566,300 | $1,831 |
| Spring Park | 1,896 | $48,315 | $661,600 | $1,241 |
| Woodland | 477 | $190,000 | $1,185,300 | — |
More for people moving to Excelsior
Excelsior ZIP code ›Weather and climate ›Living in Excelsior: FAQ
What is the median household income in Excelsior, MN?
The median household income in Excelsior is $103,068, 16% 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 Excelsior?
The median home value in Excelsior is $909,200, compared with $329,300 in Minnesota.
How much is rent in Excelsior?
The median gross rent in Excelsior is $1,143 per month, about 23% of household income.
Is Excelsior, MN a good place to live?
Pluses: median household income 16% higher than the Minnesota median; unemployment of 0%. Minuses: home values 176% higher than the state median; an average commute of 28 minutes; a poverty rate of 10%.
What is the median age in Excelsior?
The median age in Excelsior is 47.1 years (Minnesota: 38.8).
How long is the commute in Excelsior?
The average commute to work in Excelsior is 28 minutes; 23.2% of workers work from home.
What is the unemployment rate in Excelsior?
The unemployment rate in Excelsior is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Excelsior?
58.2% of adults in Excelsior 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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