Living in Hoffman, Minnesota
Cost of living, income, home prices, rent and demographics of Hoffman · Census data 2020–2024
Hoffman has 730 residents with a median age of 33.4. The median household income is $51,500 (42% lower than the Minnesota median), the median home value is $161,800, the median rent is $866/month.
Hoffman is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hoffman at a glance
- Population
- 730
- Median age
- 33.4State: 38.8
- Median household income
- $51,500State: $89,062
- Median home value
- $161,800State: $329,300
- Median rent
- $866/moState: $1,280
- Homeowners
- 60.3%
- Bachelor's degree or higher
- 11.7%
- Average commute
- 23 min
Is Hoffman a good place to live?
Pros: Home values 51% lower than the state median; unemployment of 1.6%.
Cons: Median household income 42% lower than the Minnesota median; an average commute of 23 minutes; a poverty rate of 17%.
The weather is best in June to September.
Cost of living in Hoffman
Housing is the biggest part of the cost of living. In Hoffman the median home value is $161,800, 51% lower than the U.S. median. Renters pay a median of $866 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,324 a month in housing costs.
Hoffman median household income
The median household income in Hoffman is $51,500 and the income per person is $26,682. 17% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Hoffman: homes for sale and rent
- Housing units
- 330
- Owner-occupied
- 60.3%
- Renter-occupied
- 39.7%
- Vacant
- 11.5%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.46
Hoffman demographics
- Population
- 730
- Median age
- 33.4
- Under 18
- 30.5%
- 65 and older
- 14.9%
- Households
- 292
- Foreign-born
- 6.4%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hoffman ›
Education in Hoffman
11.7% of adults 25 and older in Hoffman have a bachelor's degree or higher (Minnesota: 39.4%), and 3.2% have a graduate or professional degree.
Jobs and commute in Hoffman
- Unemployment rate
- 1.6%State: 4.1%
- Average commute
- 23 minState: 23 min
- Work from home
- 10.7%
- Drive alone
- 67.9%
- Public transit
- 0%
- Walk to work
- 1.6%
- Homes with broadband
- 82.5%
Hoffman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hoffman | 730 | $51,500 | $161,800 | $866 |
| Kensington | 240 | $46,000 | $110,700 | $650 |
| Barrett | 349 | $60,000 | $131,900 | $1,337 |
| Evansville | 550 | $64,028 | $133,000 | $700 |
| Brandon | 451 | $73,375 | $175,800 | $860 |
| Elbow Lake | 1,301 | $59,792 | $126,900 | $742 |
| Donnelly | 277 | $70,313 | $100,000 | $1,300 |
| Cyrus | 355 | $57,083 | $105,200 | $679 |
| Garfield | 282 | $56,696 | $166,600 | $481 |
More for people moving to Hoffman
Hoffman ZIP code ›Weather and climate ›Living in Hoffman: FAQ
What is the median household income in Hoffman, MN?
The median household income in Hoffman is $51,500, 42% 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 Hoffman?
The median home value in Hoffman is $161,800, compared with $329,300 in Minnesota.
How much is rent in Hoffman?
The median gross rent in Hoffman is $866 per month, about 28.8% of household income.
Is Hoffman, MN a good place to live?
Pluses: home values 51% lower than the state median; unemployment of 1.6%. Minuses: median household income 42% lower than the Minnesota median; an average commute of 23 minutes; a poverty rate of 17%.
What is the median age in Hoffman?
The median age in Hoffman is 33.4 years (Minnesota: 38.8).
How long is the commute in Hoffman?
The average commute to work in Hoffman is 23 minutes; 10.7% of workers work from home.
What is the unemployment rate in Hoffman?
The unemployment rate in Hoffman is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hoffman?
11.7% of adults in Hoffman 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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