Living in Shafer, Minnesota
Cost of living, income, home prices, rent and demographics of Shafer · Census data 2020–2024
Shafer has 1,186 residents with a median age of 34. The median household income is $99,489 (12% higher than the Minnesota median), the median home value is $242,800, the median rent is $966/month.
Shafer is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Shafer at a glance
- Population
- 1,186
- Median age
- 34State: 38.8
- Median household income
- $99,489State: $89,062
- Median home value
- $242,800State: $329,300
- Median rent
- $966/moState: $1,280
- Homeowners
- 84.5%
- Bachelor's degree or higher
- 20.6%
- Average commute
- 40 min
Is Shafer a good place to live?
Pros: Median household income 12% higher than the Minnesota median; home values 26% lower than the state median; unemployment of 2.3%; a poverty rate of 7.5%.
Cons: An average commute of 40 minutes.
The weather is best in June to September.
Cost of living in Shafer
Housing is the biggest part of the cost of living. In Shafer the median home value is $242,800, 27% lower than the U.S. median. Renters pay a median of $966 per month, which is 31% of household income. Homeowners with a mortgage pay $1,742 a month in housing costs.
Shafer median household income
The median household income in Shafer is $99,489 and the income per person is $38,976. 7.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Shafer: homes for sale and rent
- Housing units
- 448
- Owner-occupied
- 84.5%
- Renter-occupied
- 15.5%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 2002
- Average household size
- 2.75
Shafer demographics
- Population
- 1,186
- Median age
- 34
- Under 18
- 26.3%
- 65 and older
- 9.1%
- Households
- 431
- Foreign-born
- 3.1%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Shafer ›
Education in Shafer
20.6% of adults 25 and older in Shafer have a bachelor's degree or higher (Minnesota: 39.4%), and 5.9% have a graduate or professional degree.
Jobs and commute in Shafer
- Unemployment rate
- 2.3%State: 4.1%
- Average commute
- 40 minState: 23 min
- Work from home
- 8.5%
- Drive alone
- 80.7%
- Public transit
- 0%
- Walk to work
- 1.8%
- Homes with broadband
- 90.5%
Shafer vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Shafer | 1,186 | $99,489 | $242,800 | $966 |
| Center City | 651 | $96,875 | $362,000 | $1,611 |
| Taylors Falls | 1,167 | $67,885 | $275,200 | $1,074 |
| Lindstrom | 4,978 | $98,226 | $358,100 | $1,176 |
| Osceola | 2,849 | $53,361 | $230,600 | $946 |
| Dresser | 1,028 | $80,114 | $196,100 | $1,068 |
| St. Croix Falls | 2,423 | $65,300 | $249,400 | $914 |
| Chisago City | 5,899 | $102,197 | $413,000 | $1,321 |
| Scandia | 3,950 | $101,953 | $475,800 | — |
More for people moving to Shafer
Shafer ZIP code ›Weather and climate ›Living in Shafer: FAQ
What is the median household income in Shafer, MN?
The median household income in Shafer is $99,489, 12% 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 Shafer?
The median home value in Shafer is $242,800, compared with $329,300 in Minnesota.
How much is rent in Shafer?
The median gross rent in Shafer is $966 per month, about 31% of household income.
Is Shafer, MN a good place to live?
Pluses: median household income 12% higher than the Minnesota median; home values 26% lower than the state median; unemployment of 2.3%; a poverty rate of 7.5%. Minuses: an average commute of 40 minutes.
What is the median age in Shafer?
The median age in Shafer is 34 years (Minnesota: 38.8).
How long is the commute in Shafer?
The average commute to work in Shafer is 40 minutes; 8.5% of workers work from home.
What is the unemployment rate in Shafer?
The unemployment rate in Shafer is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Shafer?
20.6% of adults in Shafer 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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