Living in Finlayson, Minnesota
Cost of living, income, home prices, rent and demographics of Finlayson · Census data 2020–2024
Finlayson has 267 residents with a median age of 47.5. The median household income is $68,500 (23% lower than the Minnesota median), the median home value is $219,400, the median rent is $950/month.
Finlayson is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Finlayson at a glance
- Population
- 267
- Median age
- 47.5State: 38.8
- Median household income
- $68,500State: $89,062
- Median home value
- $219,400State: $329,300
- Median rent
- $950/moState: $1,280
- Homeowners
- 73%
- Bachelor's degree or higher
- 23.2%
- Average commute
- 20 min
Is Finlayson a good place to live?
Pros: Home values 33% lower than the state median; an average commute of 20 minutes.
Cons: Median household income 23% lower than the Minnesota median; unemployment of 10.3%; a poverty rate of 18.4%.
The weather is best in June to September.
Cost of living in Finlayson
Housing is the biggest part of the cost of living. In Finlayson the median home value is $219,400, 34% lower than the U.S. median. Renters pay a median of $950 per month, which is 32.9% of household income. Homeowners with a mortgage pay $1,346 a month in housing costs.
Finlayson median household income
The median household income in Finlayson is $68,500 and the income per person is $32,209. 18.4% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Finlayson: homes for sale and rent
- Housing units
- 126
- Owner-occupied
- 73%
- Renter-occupied
- 27%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.12
Finlayson demographics
- Population
- 267
- Median age
- 47.5
- Under 18
- 20.6%
- 65 and older
- 25.5%
- Households
- 126
- Foreign-born
- 0.7%
- Veterans
- 9.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Finlayson ›
Education in Finlayson
23.2% of adults 25 and older in Finlayson have a bachelor's degree or higher (Minnesota: 39.4%), and 4.3% have a graduate or professional degree.
Jobs and commute in Finlayson
- Unemployment rate
- 10.3%State: 4.1%
- Average commute
- 20 minState: 23 min
- Work from home
- 2.9%
- Drive alone
- 81.9%
- Public transit
- 0%
- Walk to work
- 1.9%
- Homes with broadband
- 94.4%
Finlayson vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Finlayson | 267 | $68,500 | $219,400 | $950 |
| Rutledge | 275 | $65,000 | $102,700 | $825 |
| Sandstone | 2,482 | $51,875 | $166,300 | $1,015 |
| Askov | 304 | $31,250 | $152,700 | $346 |
| Willow River | 342 | $58,125 | $206,300 | $743 |
| Sturgeon Lake | 568 | $79,722 | $210,200 | $1,094 |
| Hinckley | 1,596 | $50,714 | $182,800 | $956 |
| Moose Lake | 2,863 | $64,286 | $205,000 | $907 |
| Kettle River | 140 | $65,000 | $154,200 | — |
More for people moving to Finlayson
Finlayson ZIP code ›Weather and climate ›Living in Finlayson: FAQ
What is the median household income in Finlayson, MN?
The median household income in Finlayson is $68,500, 23% 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 Finlayson?
The median home value in Finlayson is $219,400, compared with $329,300 in Minnesota.
How much is rent in Finlayson?
The median gross rent in Finlayson is $950 per month, about 32.9% of household income.
Is Finlayson, MN a good place to live?
Pluses: home values 33% lower than the state median; an average commute of 20 minutes. Minuses: median household income 23% lower than the Minnesota median; unemployment of 10.3%; a poverty rate of 18.4%.
What is the median age in Finlayson?
The median age in Finlayson is 47.5 years (Minnesota: 38.8).
How long is the commute in Finlayson?
The average commute to work in Finlayson is 20 minutes; 2.9% of workers work from home.
What is the unemployment rate in Finlayson?
The unemployment rate in Finlayson is 10.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Finlayson?
23.2% of adults in Finlayson 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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