Living in Federal Dam, Minnesota
Cost of living, income, home prices, rent and demographics of Federal Dam · Census data 2020–2024
Federal Dam has 142 residents with a median age of 40.5. The median household income is $38,393 (57% lower than the Minnesota median), the median home value is $123,100, the median rent is $992/month.
Federal Dam is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Federal Dam at a glance
- Population
- 142
- Median age
- 40.5State: 38.8
- Median household income
- $38,393State: $89,062
- Median home value
- $123,100State: $329,300
- Median rent
- $992/moState: $1,280
- Homeowners
- 75.4%
- Bachelor's degree or higher
- 11%
- Average commute
- 35 min
Is Federal Dam a good place to live?
Pros: Home values 63% lower than the state median.
Cons: Median household income 57% lower than the Minnesota median; an average commute of 35 minutes; unemployment of 4.3%; a poverty rate of 10.6%.
The weather is best in June to September.
Cost of living in Federal Dam
Housing is the biggest part of the cost of living. In Federal Dam the median home value is $123,100, 63% lower than the U.S. median. Renters pay a median of $992 per month, which is 36.3% of household income. Homeowners with a mortgage pay $1,096 a month in housing costs.
Federal Dam median household income
The median household income in Federal Dam is $38,393 and the income per person is $26,247. 10.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Federal Dam: homes for sale and rent
- Housing units
- 126
- Owner-occupied
- 75.4%
- Renter-occupied
- 24.6%
- Vacant
- 45.2%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 2.06
45.2% of homes are vacant most of the year, a sign that Federal Dam has many vacation and second homes.
Federal Dam demographics
- Population
- 142
- Median age
- 40.5
- Under 18
- 27.5%
- 65 and older
- 31%
- Households
- 69
- Foreign-born
- 0.7%
- Veterans
- 18.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Federal Dam ›
Education in Federal Dam
11% of adults 25 and older in Federal Dam have a bachelor's degree or higher (Minnesota: 39.4%), and 2% have a graduate or professional degree.
Jobs and commute in Federal Dam
- Unemployment rate
- 4.3%State: 4.1%
- Average commute
- 35 minState: 23 min
- Work from home
- 13.6%
- Drive alone
- 63.6%
- Public transit
- 0%
- Walk to work
- 9.1%
- Homes with broadband
- 84.1%
Federal Dam vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Federal Dam | 142 | $38,393 | $123,100 | $992 |
| Longville | 138 | $32,917 | $187,500 | $525 |
| Remer | 371 | $49,500 | $153,000 | — |
| Walker | 848 | $34,375 | $261,800 | $545 |
| Cass Lake | 635 | $48,250 | $109,900 | $763 |
| Deer River | 889 | $38,824 | $111,200 | $816 |
| Cohasset | 2,703 | $92,692 | $330,500 | $827 |
| Hackensack | 248 | $41,250 | $176,800 | $620 |
| Squaw Lake | 104 | $60,000 | $181,300 | $675 |
More for people moving to Federal Dam
Federal Dam ZIP code ›Weather and climate ›Living in Federal Dam: FAQ
What is the median household income in Federal Dam, MN?
The median household income in Federal Dam is $38,393, 57% 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 Federal Dam?
The median home value in Federal Dam is $123,100, compared with $329,300 in Minnesota.
How much is rent in Federal Dam?
The median gross rent in Federal Dam is $992 per month, about 36.3% of household income.
Is Federal Dam, MN a good place to live?
Pluses: home values 63% lower than the state median. Minuses: median household income 57% lower than the Minnesota median; an average commute of 35 minutes; unemployment of 4.3%; a poverty rate of 10.6%.
What is the median age in Federal Dam?
The median age in Federal Dam is 40.5 years (Minnesota: 38.8).
How long is the commute in Federal Dam?
The average commute to work in Federal Dam is 35 minutes; 13.6% of workers work from home.
What is the unemployment rate in Federal Dam?
The unemployment rate in Federal Dam is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Federal Dam?
11% of adults in Federal Dam 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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