Living in Nashwauk, Minnesota
Cost of living, income, home prices, rent and demographics of Nashwauk · Census data 2020–2024
Nashwauk has 926 residents with a median age of 45.1. The median household income is $57,589 (35% lower than the Minnesota median), the median home value is $112,300, the median rent is $688/month.
Nashwauk is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Nashwauk at a glance
- Population
- 926
- Median age
- 45.1State: 38.8
- Median household income
- $57,589State: $89,062
- Median home value
- $112,300State: $329,300
- Median rent
- $688/moState: $1,280
- Homeowners
- 78.8%
- Bachelor's degree or higher
- 9.5%
- Average commute
- 22 min
Is Nashwauk a good place to live?
Pros: Home values 66% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 35% lower than the Minnesota median; unemployment of 7.4%; a poverty rate of 14.4%.
The weather is best in June to September.
Cost of living in Nashwauk
Housing is the biggest part of the cost of living. In Nashwauk the median home value is $112,300, 66% lower than the U.S. median. Renters pay a median of $688 per month, which is 34.9% of household income. Homeowners with a mortgage pay $996 a month in housing costs.
Nashwauk median household income
The median household income in Nashwauk is $57,589 and the income per person is $31,250. 14.4% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Nashwauk: homes for sale and rent
- Housing units
- 556
- Owner-occupied
- 78.8%
- Renter-occupied
- 21.2%
- Vacant
- 26.1%Includes seasonal homes
- Median year built
- 1947
- Average household size
- 2.24
Nashwauk demographics
- Population
- 926
- Median age
- 45.1
- Under 18
- 16.6%
- 65 and older
- 21%
- Households
- 411
- Foreign-born
- 1.7%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Nashwauk ›
Education in Nashwauk
9.5% of adults 25 and older in Nashwauk have a bachelor's degree or higher (Minnesota: 39.4%), and 3.2% have a graduate or professional degree.
Jobs and commute in Nashwauk
- Unemployment rate
- 7.4%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 5.9%
- Drive alone
- 83.4%
- Public transit
- 0%
- Walk to work
- 7.6%
- Homes with broadband
- 78.3%
Nashwauk vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Nashwauk | 926 | $57,589 | $112,300 | $688 |
| Keewatin | 1,215 | $53,643 | $86,800 | $932 |
| Calumet | 279 | $43,036 | $110,800 | $645 |
| Marble | 669 | $53,958 | $102,500 | $658 |
| Hibbing | 16,057 | $55,789 | $130,200 | $833 |
| Taconite | 468 | $84,375 | $219,600 | $2,625 |
| Bovey | 646 | $64,083 | $122,800 | $948 |
| Chisholm | 4,712 | $50,891 | $109,200 | $732 |
| Coleraine | 2,150 | $74,716 | $211,800 | $1,167 |
More for people moving to Nashwauk
Nashwauk ZIP code ›Weather and climate ›Living in Nashwauk: FAQ
What is the median household income in Nashwauk, MN?
The median household income in Nashwauk is $57,589, 35% 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 Nashwauk?
The median home value in Nashwauk is $112,300, compared with $329,300 in Minnesota.
How much is rent in Nashwauk?
The median gross rent in Nashwauk is $688 per month, about 34.9% of household income.
Is Nashwauk, MN a good place to live?
Pluses: home values 66% lower than the state median; an average commute of 22 minutes. Minuses: median household income 35% lower than the Minnesota median; unemployment of 7.4%; a poverty rate of 14.4%.
What is the median age in Nashwauk?
The median age in Nashwauk is 45.1 years (Minnesota: 38.8).
How long is the commute in Nashwauk?
The average commute to work in Nashwauk is 22 minutes; 5.9% of workers work from home.
What is the unemployment rate in Nashwauk?
The unemployment rate in Nashwauk is 7.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Nashwauk?
9.5% of adults in Nashwauk 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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