Living in Forada, Minnesota
Cost of living, income, home prices, rent and demographics of Forada · Census data 2020–2024
Forada has 161 residents with a median age of 52.3. The median household income is $80,500 (10% lower than the Minnesota median), the median home value is $288,600, the median rent is $1,094/month.
Forada is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Forada at a glance
- Population
- 161
- Median age
- 52.3State: 38.8
- Median household income
- $80,500State: $89,062
- Median home value
- $288,600State: $329,300
- Median rent
- $1,094/moState: $1,280
- Homeowners
- 85.9%
- Bachelor's degree or higher
- 18.8%
- Average commute
- 21 min
Is Forada a good place to live?
Pros: Home values 12% lower than the state median; an average commute of 21 minutes; unemployment of 2.1%; a poverty rate of 7.5%.
Cons: Median household income 10% lower than the Minnesota median.
The weather is best in June to September.
Cost of living in Forada
Housing is the biggest part of the cost of living. In Forada the median home value is $288,600, 13% lower than the U.S. median. Renters pay a median of $1,094 per month, which is 18.1% of household income. Homeowners with a mortgage pay $1,844 a month in housing costs.
Forada median household income
The median household income in Forada is $80,500 and the income per person is $49,080. 7.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Forada: homes for sale and rent
- Housing units
- 145
- Owner-occupied
- 85.9%
- Renter-occupied
- 14.1%
- Vacant
- 46.2%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.06
46.2% of homes are vacant most of the year, a sign that Forada has many vacation and second homes.
Forada demographics
- Population
- 161
- Median age
- 52.3
- Under 18
- 7.5%
- 65 and older
- 25.5%
- Households
- 78
- Foreign-born
- 0.6%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Forada ›
Education in Forada
18.8% of adults 25 and older in Forada have a bachelor's degree or higher (Minnesota: 39.4%), and 12.5% have a graduate or professional degree.
Jobs and commute in Forada
- Unemployment rate
- 2.1%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 14.7%
- Drive alone
- 85.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93.6%
Forada vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Forada | 161 | $80,500 | $288,600 | $1,094 |
| Alexandria | 14,735 | $61,374 | $275,300 | $934 |
| Villard | 236 | $56,000 | $152,400 | $1,097 |
| Nelson | 155 | $57,188 | $157,500 | $1,000 |
| Glenwood | 2,633 | $42,188 | $179,400 | $865 |
| Lowry | 348 | $80,000 | $177,100 | $856 |
| Long Beach | 318 | $92,361 | $367,300 | — |
| Osakis | 1,623 | $50,833 | $173,500 | $477 |
| Garfield | 282 | $56,696 | $166,600 | $481 |
More for people moving to Forada
Forada ZIP code ›Weather and climate ›Living in Forada: FAQ
What is the median household income in Forada, MN?
The median household income in Forada is $80,500, 10% 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 Forada?
The median home value in Forada is $288,600, compared with $329,300 in Minnesota.
How much is rent in Forada?
The median gross rent in Forada is $1,094 per month, about 18.1% of household income.
Is Forada, MN a good place to live?
Pluses: home values 12% lower than the state median; an average commute of 21 minutes; unemployment of 2.1%; a poverty rate of 7.5%. Minuses: median household income 10% lower than the Minnesota median.
What is the median age in Forada?
The median age in Forada is 52.3 years (Minnesota: 38.8).
How long is the commute in Forada?
The average commute to work in Forada is 21 minutes; 14.7% of workers work from home.
What is the unemployment rate in Forada?
The unemployment rate in Forada is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Forada?
18.8% of adults in Forada 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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