Living in Luverne, Minnesota
Cost of living, income, home prices, rent and demographics of Luverne · Census data 2020–2024
Luverne has 4,925 residents with a median age of 41.3. The median household income is $64,366 (28% lower than the Minnesota median), the median home value is $208,000, the median rent is $639/month.
Luverne at a glance
- Population
- 4,925
- Median age
- 41.3State: 38.8
- Median household income
- $64,366State: $89,062
- Median home value
- $208,000State: $329,300
- Median rent
- $639/moState: $1,280
- Homeowners
- 70.8%
- Bachelor's degree or higher
- 29.2%
- Average commute
- 16 min
Is Luverne a good place to live?
Pros: Home values 37% lower than the state median; an average commute of 16 minutes; unemployment of 2.5%.
Cons: Median household income 28% lower than the Minnesota median; a poverty rate of 12.2%.
The weather is best in June to September.
Cost of living in Luverne
Housing is the biggest part of the cost of living. In Luverne the median home value is $208,000, 37% lower than the U.S. median. Renters pay a median of $639 per month, which is 29.3% of household income. Homeowners with a mortgage pay $1,377 a month in housing costs.
Luverne median household income
The median household income in Luverne is $64,366 and the income per person is $37,079. 12.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Luverne: homes for sale and rent
- Housing units
- 2,285
- Owner-occupied
- 70.8%
- Renter-occupied
- 29.2%
- Vacant
- 3.9%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.15
Luverne demographics
- Population
- 4,925
- Median age
- 41.3
- Under 18
- 22.7%
- 65 and older
- 23.2%
- Households
- 2,196
- Foreign-born
- 1.7%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Luverne ›
Education in Luverne
29.2% of adults 25 and older in Luverne have a bachelor's degree or higher (Minnesota: 39.4%), and 10.2% have a graduate or professional degree.
Jobs and commute in Luverne
- Unemployment rate
- 2.5%State: 4.1%
- Average commute
- 16 minState: 23 min
- Work from home
- 10.4%
- Drive alone
- 78.8%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 89.1%
Luverne vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Luverne | 4,925 | $64,366 | $208,000 | $639 |
| Magnolia | 215 | $53,594 | $98,300 | $715 |
| Beaver Creek | 293 | $64,583 | $172,500 | $910 |
| Hardwick | 235 | $39,327 | $83,300 | $663 |
| Steen | 125 | $60,000 | $140,300 | $788 |
| Hills | 748 | $78,631 | $197,200 | $965 |
| Ellsworth | 428 | $56,875 | $86,200 | $625 |
| Valley Springs | 996 | $107,222 | $192,600 | $1,028 |
| Adrian | 1,236 | $73,438 | $165,500 | $950 |
More for people moving to Luverne
Luverne ZIP code ›Weather and climate ›Living in Luverne: FAQ
What is the median household income in Luverne, MN?
The median household income in Luverne is $64,366, 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 Luverne?
The median home value in Luverne is $208,000, compared with $329,300 in Minnesota.
How much is rent in Luverne?
The median gross rent in Luverne is $639 per month, about 29.3% of household income.
Is Luverne, MN a good place to live?
Pluses: home values 37% lower than the state median; an average commute of 16 minutes; unemployment of 2.5%. Minuses: median household income 28% lower than the Minnesota median; a poverty rate of 12.2%.
What is the median age in Luverne?
The median age in Luverne is 41.3 years (Minnesota: 38.8).
How long is the commute in Luverne?
The average commute to work in Luverne is 16 minutes; 10.4% of workers work from home.
What is the unemployment rate in Luverne?
The unemployment rate in Luverne is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Luverne?
29.2% of adults in Luverne 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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