Living in Raymond, Minnesota
Cost of living, income, home prices, rent and demographics of Raymond · Census data 2020–2024
Raymond has 692 residents with a median age of 38.5. The median household income is $64,563 (28% lower than the Minnesota median), the median home value is $158,100, the median rent is $825/month.
Raymond is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Raymond at a glance
- Population
- 692
- Median age
- 38.5State: 38.8
- Median household income
- $64,563State: $89,062
- Median home value
- $158,100State: $329,300
- Median rent
- $825/moState: $1,280
- Homeowners
- 66.2%
- Bachelor's degree or higher
- 17%
- Average commute
- 20 min
Is Raymond a good place to live?
Pros: Home values 52% lower than the state median; an average commute of 20 minutes.
Cons: Median household income 28% lower than the Minnesota median; unemployment of 4.4%; a poverty rate of 15.6%.
The weather is best in June to September.
Cost of living in Raymond
Housing is the biggest part of the cost of living. In Raymond the median home value is $158,100, 52% lower than the U.S. median. Renters pay a median of $825 per month, which is 24% of household income. Homeowners with a mortgage pay $1,382 a month in housing costs.
Raymond median household income
The median household income in Raymond is $64,563 and the income per person is $37,630. 15.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Raymond: homes for sale and rent
- Housing units
- 325
- Owner-occupied
- 66.2%
- Renter-occupied
- 33.8%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.23
Raymond demographics
- Population
- 692
- Median age
- 38.5
- Under 18
- 22.4%
- 65 and older
- 19.5%
- Households
- 311
- Foreign-born
- 3.9%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Raymond ›
Education in Raymond
17% of adults 25 and older in Raymond have a bachelor's degree or higher (Minnesota: 39.4%), and 2.4% have a graduate or professional degree.
Jobs and commute in Raymond
- Unemployment rate
- 4.4%State: 4.1%
- Average commute
- 20 minState: 23 min
- Work from home
- 4.9%
- Drive alone
- 81.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.3%
Raymond vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Raymond | 692 | $64,563 | $158,100 | $825 |
| Prinsburg | 651 | $107,500 | $197,200 | $981 |
| Clara City | 1,466 | $63,636 | $114,300 | $1,068 |
| Pennock | 549 | $72,031 | $153,900 | $1,042 |
| Willmar | 21,378 | $62,280 | $198,400 | $910 |
| Blomkest | 129 | $62,083 | $110,700 | $1,625 |
| Kerkhoven | 802 | $72,813 | $166,000 | $745 |
| Maynard | 234 | $41,563 | $80,000 | $1,420 |
| Renville | 1,503 | $69,306 | $126,400 | $676 |
More for people moving to Raymond
Raymond ZIP code ›Weather and climate ›Living in Raymond: FAQ
What is the median household income in Raymond, MN?
The median household income in Raymond is $64,563, 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 Raymond?
The median home value in Raymond is $158,100, compared with $329,300 in Minnesota.
How much is rent in Raymond?
The median gross rent in Raymond is $825 per month, about 24% of household income.
Is Raymond, MN a good place to live?
Pluses: home values 52% lower than the state median; an average commute of 20 minutes. Minuses: median household income 28% lower than the Minnesota median; unemployment of 4.4%; a poverty rate of 15.6%.
What is the median age in Raymond?
The median age in Raymond is 38.5 years (Minnesota: 38.8).
How long is the commute in Raymond?
The average commute to work in Raymond is 20 minutes; 4.9% of workers work from home.
What is the unemployment rate in Raymond?
The unemployment rate in Raymond is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Raymond?
17% of adults in Raymond 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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