Living in Floodwood, Minnesota
Cost of living, income, home prices, rent and demographics of Floodwood · Census data 2020–2024
Floodwood has 497 residents with a median age of 41.4. The median household income is $36,563 (59% lower than the Minnesota median), the median home value is $92,100, the median rent is $653/month.
Floodwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Floodwood at a glance
- Population
- 497
- Median age
- 41.4State: 38.8
- Median household income
- $36,563State: $89,062
- Median home value
- $92,100State: $329,300
- Median rent
- $653/moState: $1,280
- Homeowners
- 71.2%
- Bachelor's degree or higher
- 6.4%
- Average commute
- 40 min
Is Floodwood a good place to live?
Pros: Home values 72% lower than the state median.
Cons: Median household income 59% lower than the Minnesota median; an average commute of 40 minutes; unemployment of 4.3%; a poverty rate of 24.1%.
The weather is best in June to September.
Cost of living in Floodwood
Housing is the biggest part of the cost of living. In Floodwood the median home value is $92,100, 72% lower than the U.S. median. Renters pay a median of $653 per month, which is 30.4% of household income. Homeowners with a mortgage pay $1,196 a month in housing costs.
Floodwood median household income
The median household income in Floodwood is $36,563 and the income per person is $25,081. 24.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Floodwood: homes for sale and rent
- Housing units
- 277
- Owner-occupied
- 71.2%
- Renter-occupied
- 28.8%
- Vacant
- 22.4%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.12
Floodwood demographics
- Population
- 497
- Median age
- 41.4
- Under 18
- 24.7%
- 65 and older
- 20.1%
- Households
- 215
- Foreign-born
- 1.4%
- Veterans
- 8.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Floodwood ›
Education in Floodwood
6.4% of adults 25 and older in Floodwood have a bachelor's degree or higher (Minnesota: 39.4%), and 0.9% have a graduate or professional degree.
Jobs and commute in Floodwood
- Unemployment rate
- 4.3%State: 4.1%
- Average commute
- 40 minState: 23 min
- Work from home
- 11.3%
- Drive alone
- 78.3%
- Public transit
- 0%
- Walk to work
- 2.8%
- Homes with broadband
- 85.1%
Floodwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Floodwood | 497 | $36,563 | $92,100 | $653 |
| Meadowlands | 174 | $44,583 | $85,000 | $655 |
| Brookston | 103 | $52,500 | $145,800 | — |
| Cromwell | 423 | $58,750 | $156,300 | $463 |
| Big Lake | 378 | $92,500 | $256,800 | $99 |
| Warba | 146 | $59,688 | $119,300 | $1,143 |
| Cloquet | 12,537 | $61,367 | $212,700 | $1,024 |
| Scanlon | 1,146 | $68,750 | $228,800 | $1,435 |
| McGregor | 367 | $26,250 | $114,300 | $591 |
More for people moving to Floodwood
Floodwood ZIP code ›Weather and climate ›Living in Floodwood: FAQ
What is the median household income in Floodwood, MN?
The median household income in Floodwood is $36,563, 59% 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 Floodwood?
The median home value in Floodwood is $92,100, compared with $329,300 in Minnesota.
How much is rent in Floodwood?
The median gross rent in Floodwood is $653 per month, about 30.4% of household income.
Is Floodwood, MN a good place to live?
Pluses: home values 72% lower than the state median. Minuses: median household income 59% lower than the Minnesota median; an average commute of 40 minutes; unemployment of 4.3%; a poverty rate of 24.1%.
What is the median age in Floodwood?
The median age in Floodwood is 41.4 years (Minnesota: 38.8).
How long is the commute in Floodwood?
The average commute to work in Floodwood is 40 minutes; 11.3% of workers work from home.
What is the unemployment rate in Floodwood?
The unemployment rate in Floodwood is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Floodwood?
6.4% of adults in Floodwood 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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