Living in Racine, Minnesota
Cost of living, income, home prices, rent and demographics of Racine · Census data 2020–2024
Racine has 416 residents with a median age of 41.3. The median household income is $97,788 (10% higher than the Minnesota median), the median home value is $260,000, the median rent is $1,271/month.
Racine is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Racine at a glance
- Population
- 416
- Median age
- 41.3State: 38.8
- Median household income
- $97,788State: $89,062
- Median home value
- $260,000State: $329,300
- Median rent
- $1,271/moState: $1,280
- Homeowners
- 89.3%
- Bachelor's degree or higher
- 20.6%
- Average commute
- 22 min
Is Racine a good place to live?
Pros: Median household income 10% higher than the Minnesota median; home values 21% lower than the state median; an average commute of 22 minutes; unemployment of 2.1%; a poverty rate of 2.2%.
The weather is best in June to September.
Cost of living in Racine
Housing is the biggest part of the cost of living. In Racine the median home value is $260,000, 22% lower than the U.S. median. Renters pay a median of $1,271 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,787 a month in housing costs.
Racine median household income
The median household income in Racine is $97,788 and the income per person is $44,345. 2.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Racine: homes for sale and rent
- Housing units
- 159
- Owner-occupied
- 89.3%
- Renter-occupied
- 10.7%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.62
Racine demographics
- Population
- 416
- Median age
- 41.3
- Under 18
- 22.8%
- 65 and older
- 15.4%
- Households
- 159
- Foreign-born
- 0%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Racine ›
Education in Racine
20.6% of adults 25 and older in Racine have a bachelor's degree or higher (Minnesota: 39.4%), and 3.3% have a graduate or professional degree.
Jobs and commute in Racine
- Unemployment rate
- 2.1%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 8.4%
- Drive alone
- 82.7%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 96.2%
Racine vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Racine | 416 | $97,788 | $260,000 | $1,271 |
| High Forest | 124 | $128,750 | $314,300 | — |
| Stewartville | 6,807 | $82,632 | $265,300 | $1,070 |
| Grand Meadow | 1,011 | $72,125 | $188,000 | $644 |
| Spring Valley | 2,307 | $66,339 | $160,800 | $915 |
| Ostrander | 313 | $74,063 | $146,900 | $768 |
| Wykoff | 377 | $65,446 | $143,400 | $823 |
| Dexter | 350 | $93,750 | $185,900 | $859 |
| Chatfield | 2,559 | $96,078 | $241,600 | $748 |
More for people moving to Racine
Racine ZIP code ›Weather and climate ›Living in Racine: FAQ
What is the median household income in Racine, MN?
The median household income in Racine is $97,788, 10% higher 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 Racine?
The median home value in Racine is $260,000, compared with $329,300 in Minnesota.
How much is rent in Racine?
The median gross rent in Racine is $1,271 per month, about 22.5% of household income.
Is Racine, MN a good place to live?
Pluses: median household income 10% higher than the Minnesota median; home values 21% lower than the state median; an average commute of 22 minutes; unemployment of 2.1%; a poverty rate of 2.2%.
What is the median age in Racine?
The median age in Racine is 41.3 years (Minnesota: 38.8).
How long is the commute in Racine?
The average commute to work in Racine is 22 minutes; 8.4% of workers work from home.
What is the unemployment rate in Racine?
The unemployment rate in Racine is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Racine?
20.6% of adults in Racine 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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