Living in Mound, Minnesota
Cost of living, income, home prices, rent and demographics of Mound · Census data 2020–2024
Mound has 9,107 residents with a median age of 47.2. The median household income is $86,675 (about the same as the Minnesota median), the median home value is $370,800, the median rent is $1,098/month.
Mound at a glance
- Population
- 9,107
- Median age
- 47.2State: 38.8
- Median household income
- $86,675State: $89,062
- Median home value
- $370,800State: $329,300
- Median rent
- $1,098/moState: $1,280
- Homeowners
- 75%
- Bachelor's degree or higher
- 45.2%
- Average commute
- 31 min
Is Mound a good place to live?
Pros: A poverty rate of 8.8%.
Cons: Median household income about the same as the Minnesota median; home values 13% higher than the state median; an average commute of 31 minutes; unemployment of 5.2%.
The weather is best in June to September.
Cost of living in Mound
Housing is the biggest part of the cost of living. In Mound the median home value is $370,800, 11% higher than the U.S. median. Renters pay a median of $1,098 per month, which is 24.7% of household income. Homeowners with a mortgage pay $2,221 a month in housing costs.
Mound median household income
The median household income in Mound is $86,675 and the income per person is $76,220. 8.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Mound: homes for sale and rent
- Housing units
- 4,822
- Owner-occupied
- 75%
- Renter-occupied
- 25%
- Vacant
- 5.8%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.01
Mound demographics
- Population
- 9,107
- Median age
- 47.2
- Under 18
- 17.4%
- 65 and older
- 20.3%
- Households
- 4,541
- Foreign-born
- 10.5%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Mound ›
Education in Mound
45.2% of adults 25 and older in Mound have a bachelor's degree or higher (Minnesota: 39.4%), and 13% have a graduate or professional degree.
Jobs and commute in Mound
- Unemployment rate
- 5.2%State: 4.1%
- Average commute
- 31 minState: 23 min
- Work from home
- 25.1%
- Drive alone
- 66.4%
- Public transit
- 0.2%
- Walk to work
- 0.4%
- Homes with broadband
- 86.1%
Mound vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mound | 9,107 | $86,675 | $370,800 | $1,098 |
| Spring Park | 1,896 | $48,315 | $661,600 | $1,241 |
| Minnetrista | 8,708 | $163,051 | $658,300 | $3,501 |
| Shorewood | 7,647 | $171,063 | $703,200 | $1,607 |
| Village of Minnetonka Beach | 469 | $250,001 | $2,000,001 | — |
| Tonka Bay | 1,270 | $156,458 | $917,100 | $2,320 |
| Orono | 8,195 | $173,527 | $1,004,500 | $1,818 |
| Victoria | 11,295 | $195,639 | $581,200 | $2,235 |
| St. Bonifacius | 1,997 | $109,922 | $355,800 | $1,270 |
More for people moving to Mound
Mound ZIP code ›Weather and climate ›Living in Mound: FAQ
What is the median household income in Mound, MN?
The median household income in Mound is $86,675, about the same as 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 Mound?
The median home value in Mound is $370,800, compared with $329,300 in Minnesota.
How much is rent in Mound?
The median gross rent in Mound is $1,098 per month, about 24.7% of household income.
Is Mound, MN a good place to live?
Pluses: a poverty rate of 8.8%. Minuses: median household income about the same as the Minnesota median; home values 13% higher than the state median; an average commute of 31 minutes; unemployment of 5.2%.
What is the median age in Mound?
The median age in Mound is 47.2 years (Minnesota: 38.8).
How long is the commute in Mound?
The average commute to work in Mound is 31 minutes; 25.1% of workers work from home.
What is the unemployment rate in Mound?
The unemployment rate in Mound is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mound?
45.2% of adults in Mound 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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