Living in Sleepy Eye, Minnesota
Cost of living, income, home prices, rent and demographics of Sleepy Eye · Census data 2020–2024
Sleepy Eye has 3,444 residents with a median age of 40.1. The median household income is $66,911 (25% lower than the Minnesota median), the median home value is $147,600, the median rent is $782/month.
Sleepy Eye at a glance
- Population
- 3,444
- Median age
- 40.1State: 38.8
- Median household income
- $66,911State: $89,062
- Median home value
- $147,600State: $329,300
- Median rent
- $782/moState: $1,280
- Homeowners
- 78.2%
- Bachelor's degree or higher
- 19.1%
- Average commute
- 15 min
Is Sleepy Eye a good place to live?
Pros: Home values 55% lower than the state median; an average commute of 15 minutes; unemployment of 2.7%; a poverty rate of 7.8%.
Cons: Median household income 25% lower than the Minnesota median.
The weather is best in June to September.
Cost of living in Sleepy Eye
Housing is the biggest part of the cost of living. In Sleepy Eye the median home value is $147,600, 56% lower than the U.S. median. Renters pay a median of $782 per month, which is 33% of household income. Homeowners with a mortgage pay $1,233 a month in housing costs.
Sleepy Eye median household income
The median household income in Sleepy Eye is $66,911 and the income per person is $38,386. 7.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Sleepy Eye: homes for sale and rent
- Housing units
- 1,666
- Owner-occupied
- 78.2%
- Renter-occupied
- 21.8%
- Vacant
- 11.1%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.25
Sleepy Eye demographics
- Population
- 3,444
- Median age
- 40.1
- Under 18
- 22.7%
- 65 and older
- 21.7%
- Households
- 1,481
- Foreign-born
- 6.7%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Sleepy Eye ›
Education in Sleepy Eye
19.1% of adults 25 and older in Sleepy Eye have a bachelor's degree or higher (Minnesota: 39.4%), and 3.9% have a graduate or professional degree.
Jobs and commute in Sleepy Eye
- Unemployment rate
- 2.7%State: 4.1%
- Average commute
- 15 minState: 23 min
- Work from home
- 5.6%
- Drive alone
- 87.7%
- Public transit
- 0.1%
- Walk to work
- 3.7%
- Homes with broadband
- 89.8%
Sleepy Eye vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sleepy Eye | 3,444 | $66,911 | $147,600 | $782 |
| New Ulm | 14,056 | $64,449 | $204,200 | $962 |
| Morgan | 925 | $55,833 | $117,400 | $1,018 |
| Springfield | 2,125 | $59,434 | $122,300 | $820 |
| Searles | 201 | $80,625 | $191,100 | — |
| Hanska | 380 | $70,000 | $89,500 | — |
| Comfrey | 338 | $61,875 | $96,300 | $622 |
| Fairfax | 1,088 | $60,172 | $116,300 | $432 |
| Clements | 109 | $54,375 | $63,100 | — |
More for people moving to Sleepy Eye
Sleepy Eye ZIP code ›Weather and climate ›Living in Sleepy Eye: FAQ
What is the median household income in Sleepy Eye, MN?
The median household income in Sleepy Eye is $66,911, 25% 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 Sleepy Eye?
The median home value in Sleepy Eye is $147,600, compared with $329,300 in Minnesota.
How much is rent in Sleepy Eye?
The median gross rent in Sleepy Eye is $782 per month, about 33% of household income.
Is Sleepy Eye, MN a good place to live?
Pluses: home values 55% lower than the state median; an average commute of 15 minutes; unemployment of 2.7%; a poverty rate of 7.8%. Minuses: median household income 25% lower than the Minnesota median.
What is the median age in Sleepy Eye?
The median age in Sleepy Eye is 40.1 years (Minnesota: 38.8).
How long is the commute in Sleepy Eye?
The average commute to work in Sleepy Eye is 15 minutes; 5.6% of workers work from home.
What is the unemployment rate in Sleepy Eye?
The unemployment rate in Sleepy Eye is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sleepy Eye?
19.1% of adults in Sleepy Eye 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.
Last updated: