Living in Park Rapids, Minnesota
Cost of living, income, home prices, rent and demographics of Park Rapids · Census data 2020–2024
Park Rapids has 4,270 residents with a median age of 45.8. The median household income is $44,747 (50% lower than the Minnesota median), the median home value is $227,500, the median rent is $825/month.
Park Rapids at a glance
- Population
- 4,270
- Median age
- 45.8State: 38.8
- Median household income
- $44,747State: $89,062
- Median home value
- $227,500State: $329,300
- Median rent
- $825/moState: $1,280
- Homeowners
- 54.6%
- Bachelor's degree or higher
- 22%
- Average commute
- 26 min
Is Park Rapids a good place to live?
Pros: Home values 31% lower than the state median.
Cons: Median household income 50% lower than the Minnesota median; an average commute of 26 minutes; unemployment of 8%; a poverty rate of 21.2%.
The weather is best in June to September.
Cost of living in Park Rapids
Housing is the biggest part of the cost of living. In Park Rapids the median home value is $227,500, 32% lower than the U.S. median. Renters pay a median of $825 per month, which is 29.9% of household income. Homeowners with a mortgage pay $1,581 a month in housing costs.
Park Rapids median household income
The median household income in Park Rapids is $44,747 and the income per person is $36,107. 21.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Park Rapids: homes for sale and rent
- Housing units
- 2,127
- Owner-occupied
- 54.6%
- Renter-occupied
- 45.4%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.04
Park Rapids demographics
- Population
- 4,270
- Median age
- 45.8
- Under 18
- 21.9%
- 65 and older
- 28.3%
- Households
- 1,992
- Foreign-born
- 1.7%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Park Rapids ›
Education in Park Rapids
22% of adults 25 and older in Park Rapids have a bachelor's degree or higher (Minnesota: 39.4%), and 5.1% have a graduate or professional degree.
Jobs and commute in Park Rapids
- Unemployment rate
- 8%State: 4.1%
- Average commute
- 26 minState: 23 min
- Work from home
- 9.9%
- Drive alone
- 73.2%
- Public transit
- 0.7%
- Walk to work
- 4%
- Homes with broadband
- 86.5%
Park Rapids vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Park Rapids | 4,270 | $44,747 | $227,500 | $825 |
| Osage | 290 | $48,333 | $330,300 | $725 |
| Nevis | 496 | $60,268 | $182,000 | $595 |
| Menahga | 1,343 | $58,036 | $155,500 | $734 |
| Akeley | 289 | $44,000 | $110,500 | $1,094 |
| Pine Point | 241 | $40,000 | $85,700 | $544 |
| Lake George | 204 | $84,167 | $245,500 | $1,167 |
| Sebeka | 725 | $39,000 | $84,300 | $688 |
| Nimrod | 118 | $117,500 | $78,600 | — |
More for people moving to Park Rapids
Park Rapids ZIP code ›Weather and climate ›Living in Park Rapids: FAQ
What is the median household income in Park Rapids, MN?
The median household income in Park Rapids is $44,747, 50% 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 Park Rapids?
The median home value in Park Rapids is $227,500, compared with $329,300 in Minnesota.
How much is rent in Park Rapids?
The median gross rent in Park Rapids is $825 per month, about 29.9% of household income.
Is Park Rapids, MN a good place to live?
Pluses: home values 31% lower than the state median. Minuses: median household income 50% lower than the Minnesota median; an average commute of 26 minutes; unemployment of 8%; a poverty rate of 21.2%.
What is the median age in Park Rapids?
The median age in Park Rapids is 45.8 years (Minnesota: 38.8).
How long is the commute in Park Rapids?
The average commute to work in Park Rapids is 26 minutes; 9.9% of workers work from home.
What is the unemployment rate in Park Rapids?
The unemployment rate in Park Rapids is 8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Park Rapids?
22% of adults in Park Rapids 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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