Living in Ivanhoe, Minnesota
Cost of living, income, home prices, rent and demographics of Ivanhoe · Census data 2020–2024
Ivanhoe has 609 residents with a median age of 42.2. The median household income is $52,552 (41% lower than the Minnesota median), the median home value is $66,500, the median rent is $625/month.
Ivanhoe is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ivanhoe at a glance
- Population
- 609
- Median age
- 42.2State: 38.8
- Median household income
- $52,552State: $89,062
- Median home value
- $66,500State: $329,300
- Median rent
- $625/moState: $1,280
- Homeowners
- 71.6%
- Bachelor's degree or higher
- 17.3%
- Average commute
- 20 min
Is Ivanhoe a good place to live?
Pros: Home values 80% lower than the state median; an average commute of 20 minutes.
Cons: Median household income 41% lower than the Minnesota median; unemployment of 7%; a poverty rate of 18.5%.
The weather is best in June to September.
Cost of living in Ivanhoe
Housing is the biggest part of the cost of living. In Ivanhoe the median home value is $66,500, 80% lower than the U.S. median. Renters pay a median of $625 per month, which is 21.4% of household income. Homeowners with a mortgage pay $1,018 a month in housing costs.
Ivanhoe median household income
The median household income in Ivanhoe is $52,552 and the income per person is $29,242. 18.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Ivanhoe: homes for sale and rent
- Housing units
- 361
- Owner-occupied
- 71.6%
- Renter-occupied
- 28.4%
- Vacant
- 13.3%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 1.84
Ivanhoe demographics
- Population
- 609
- Median age
- 42.2
- Under 18
- 17.7%
- 65 and older
- 23.2%
- Households
- 313
- Foreign-born
- 1.8%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Ivanhoe ›
Education in Ivanhoe
17.3% of adults 25 and older in Ivanhoe have a bachelor's degree or higher (Minnesota: 39.4%), and 2.4% have a graduate or professional degree.
Jobs and commute in Ivanhoe
- Unemployment rate
- 7%State: 4.1%
- Average commute
- 20 minState: 23 min
- Work from home
- 7.6%
- Drive alone
- 74%
- Public transit
- 0%
- Walk to work
- 6.6%
- Homes with broadband
- 84.3%
Ivanhoe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ivanhoe | 609 | $52,552 | $66,500 | $625 |
| Hendricks | 517 | $51,250 | $115,500 | $775 |
| Porter | 191 | $56,667 | $108,300 | $931 |
| Taunton | 128 | $45,313 | $76,900 | $613 |
| Tyler | 1,090 | $65,500 | $151,100 | $750 |
| Lake Benton | 794 | $52,250 | $99,800 | $513 |
| Minneota | 1,594 | $74,091 | $161,300 | $640 |
| Astoria | 142 | $38,750 | $117,000 | — |
| Canby | 1,556 | $58,365 | $128,300 | $588 |
More for people moving to Ivanhoe
Ivanhoe ZIP code ›Weather and climate ›Living in Ivanhoe: FAQ
What is the median household income in Ivanhoe, MN?
The median household income in Ivanhoe is $52,552, 41% 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 Ivanhoe?
The median home value in Ivanhoe is $66,500, compared with $329,300 in Minnesota.
How much is rent in Ivanhoe?
The median gross rent in Ivanhoe is $625 per month, about 21.4% of household income.
Is Ivanhoe, MN a good place to live?
Pluses: home values 80% lower than the state median; an average commute of 20 minutes. Minuses: median household income 41% lower than the Minnesota median; unemployment of 7%; a poverty rate of 18.5%.
What is the median age in Ivanhoe?
The median age in Ivanhoe is 42.2 years (Minnesota: 38.8).
How long is the commute in Ivanhoe?
The average commute to work in Ivanhoe is 20 minutes; 7.6% of workers work from home.
What is the unemployment rate in Ivanhoe?
The unemployment rate in Ivanhoe is 7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ivanhoe?
17.3% of adults in Ivanhoe 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.
Last updated: