Living in Karlstad, Minnesota
Cost of living, income, home prices, rent and demographics of Karlstad · Census data 2020–2024
Karlstad has 622 residents with a median age of 50.2. The median household income is $64,000 (28% lower than the Minnesota median), the median home value is $126,300, the median rent is $619/month.
Karlstad is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Karlstad at a glance
- Population
- 622
- Median age
- 50.2State: 38.8
- Median household income
- $64,000State: $89,062
- Median home value
- $126,300State: $329,300
- Median rent
- $619/moState: $1,280
- Homeowners
- 74.4%
- Bachelor's degree or higher
- 39.5%
- Average commute
- 25 min
Is Karlstad a good place to live?
Pros: Home values 62% lower than the state median; unemployment of 0.7%.
Cons: Median household income 28% lower than the Minnesota median; an average commute of 25 minutes; a poverty rate of 11.9%.
The weather is best in June to September.
Cost of living in Karlstad
Housing is the biggest part of the cost of living. In Karlstad the median home value is $126,300, 62% lower than the U.S. median. Renters pay a median of $619 per month, which is 19.5% of household income. Homeowners with a mortgage pay $1,173 a month in housing costs.
Karlstad median household income
The median household income in Karlstad is $64,000 and the income per person is $34,509. 11.9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Karlstad: homes for sale and rent
- Housing units
- 321
- Owner-occupied
- 74.4%
- Renter-occupied
- 25.6%
- Vacant
- 17.1%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.11
Karlstad demographics
- Population
- 622
- Median age
- 50.2
- Under 18
- 22%
- 65 and older
- 28%
- Households
- 266
- Foreign-born
- 0.2%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Karlstad ›
Education in Karlstad
39.5% of adults 25 and older in Karlstad have a bachelor's degree or higher (Minnesota: 39.4%), and 2% have a graduate or professional degree.
Jobs and commute in Karlstad
- Unemployment rate
- 0.7%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 3.4%
- Drive alone
- 65.2%
- Public transit
- 0%
- Walk to work
- 14.7%
- Homes with broadband
- 83.5%
Karlstad vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Karlstad | 622 | $64,000 | $126,300 | $619 |
| Lake Bronson | 190 | $49,375 | $44,100 | $645 |
| Greenbush | 678 | $60,333 | $145,500 | $824 |
| Newfolden | 332 | $64,583 | $121,300 | $817 |
| Kennedy | 170 | $39,688 | $50,700 | — |
| Stephen | 526 | $71,250 | $87,500 | $1,063 |
| Middle River | 319 | $76,250 | $101,900 | $408 |
| Argyle | 486 | $105,625 | $191,800 | $431 |
| Lancaster | 315 | $64,306 | $107,300 | $900 |
More for people moving to Karlstad
Karlstad ZIP code ›Weather and climate ›Living in Karlstad: FAQ
What is the median household income in Karlstad, MN?
The median household income in Karlstad is $64,000, 28% 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 Karlstad?
The median home value in Karlstad is $126,300, compared with $329,300 in Minnesota.
How much is rent in Karlstad?
The median gross rent in Karlstad is $619 per month, about 19.5% of household income.
Is Karlstad, MN a good place to live?
Pluses: home values 62% lower than the state median; unemployment of 0.7%. Minuses: median household income 28% lower than the Minnesota median; an average commute of 25 minutes; a poverty rate of 11.9%.
What is the median age in Karlstad?
The median age in Karlstad is 50.2 years (Minnesota: 38.8).
How long is the commute in Karlstad?
The average commute to work in Karlstad is 25 minutes; 3.4% of workers work from home.
What is the unemployment rate in Karlstad?
The unemployment rate in Karlstad is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Karlstad?
39.5% of adults in Karlstad 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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