Living in Grand Meadow, Minnesota
Cost of living, income, home prices, rent and demographics of Grand Meadow · Census data 2020–2024
Grand Meadow has 1,011 residents with a median age of 38.6. The median household income is $72,125 (19% lower than the Minnesota median), the median home value is $188,000, the median rent is $644/month.
Grand Meadow is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Grand Meadow at a glance
- Population
- 1,011
- Median age
- 38.6State: 38.8
- Median household income
- $72,125State: $89,062
- Median home value
- $188,000State: $329,300
- Median rent
- $644/moState: $1,280
- Homeowners
- 87%
- Bachelor's degree or higher
- 30.7%
- Average commute
- 23 min
Is Grand Meadow a good place to live?
Pros: Home values 43% lower than the state median; unemployment of 0.7%; a poverty rate of 4.3%.
Cons: Median household income 19% lower than the Minnesota median; an average commute of 23 minutes.
The weather is best in June to September.
Cost of living in Grand Meadow
Housing is the biggest part of the cost of living. In Grand Meadow the median home value is $188,000, 43% lower than the U.S. median. Renters pay a median of $644 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,432 a month in housing costs.
Grand Meadow median household income
The median household income in Grand Meadow is $72,125 and the income per person is $45,964. 4.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Grand Meadow: homes for sale and rent
- Housing units
- 487
- Owner-occupied
- 87%
- Renter-occupied
- 13%
- Vacant
- 11.7%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.30
Grand Meadow demographics
- Population
- 1,011
- Median age
- 38.6
- Under 18
- 22.4%
- 65 and older
- 19.2%
- Households
- 430
- Foreign-born
- 2.5%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Grand Meadow ›
Education in Grand Meadow
30.7% of adults 25 and older in Grand Meadow have a bachelor's degree or higher (Minnesota: 39.4%), and 5.8% have a graduate or professional degree.
Jobs and commute in Grand Meadow
- Unemployment rate
- 0.7%State: 4.1%
- Average commute
- 23 minState: 23 min
- Work from home
- 9.3%
- Drive alone
- 81.8%
- Public transit
- 0%
- Walk to work
- 4.3%
- Homes with broadband
- 90.9%
Grand Meadow vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Grand Meadow | 1,011 | $72,125 | $188,000 | $644 |
| Racine | 416 | $97,788 | $260,000 | $1,271 |
| Dexter | 350 | $93,750 | $185,900 | $859 |
| Spring Valley | 2,307 | $66,339 | $160,800 | $915 |
| Ostrander | 313 | $74,063 | $146,900 | $768 |
| High Forest | 124 | $128,750 | $314,300 | — |
| Stewartville | 6,807 | $82,632 | $265,300 | $1,070 |
| Adams | 745 | $93,594 | $170,700 | $823 |
| Le Roy | 803 | $54,485 | $122,800 | $697 |
More for people moving to Grand Meadow
Grand Meadow ZIP code ›Weather and climate ›Living in Grand Meadow: FAQ
What is the median household income in Grand Meadow, MN?
The median household income in Grand Meadow is $72,125, 19% 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 Grand Meadow?
The median home value in Grand Meadow is $188,000, compared with $329,300 in Minnesota.
How much is rent in Grand Meadow?
The median gross rent in Grand Meadow is $644 per month, about 26.3% of household income.
Is Grand Meadow, MN a good place to live?
Pluses: home values 43% lower than the state median; unemployment of 0.7%; a poverty rate of 4.3%. Minuses: median household income 19% lower than the Minnesota median; an average commute of 23 minutes.
What is the median age in Grand Meadow?
The median age in Grand Meadow is 38.6 years (Minnesota: 38.8).
How long is the commute in Grand Meadow?
The average commute to work in Grand Meadow is 23 minutes; 9.3% of workers work from home.
What is the unemployment rate in Grand Meadow?
The unemployment rate in Grand Meadow is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Grand Meadow?
30.7% of adults in Grand Meadow 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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