Living in Spring Park, Minnesota
Cost of living, income, home prices, rent and demographics of Spring Park · Census data 2020–2024
Spring Park has 1,896 residents with a median age of 57. The median household income is $48,315 (46% lower than the Minnesota median), the median home value is $661,600, the median rent is $1,241/month.
Spring Park at a glance
- Population
- 1,896
- Median age
- 57State: 38.8
- Median household income
- $48,315State: $89,062
- Median home value
- $661,600State: $329,300
- Median rent
- $1,241/moState: $1,280
- Homeowners
- 24.9%
- Bachelor's degree or higher
- 31.8%
- Average commute
- 21 min
Is Spring Park a good place to live?
Pros: An average commute of 21 minutes; a poverty rate of 9%.
Cons: Median household income 46% lower than the Minnesota median; home values 101% higher than the state median; unemployment of 8.9%.
The weather is best in June to September.
Cost of living in Spring Park
Housing is the biggest part of the cost of living. In Spring Park the median home value is $661,600, 99% higher than the U.S. median. Renters pay a median of $1,241 per month, which is 33.5% of household income. Homeowners with a mortgage pay $3,569 a month in housing costs.
Spring Park median household income
The median household income in Spring Park is $48,315 and the income per person is $57,369. 9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Spring Park: homes for sale and rent
- Housing units
- 1,338
- Owner-occupied
- 24.9%
- Renter-occupied
- 75.1%
- Vacant
- 7.7%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 1.45
Spring Park demographics
- Population
- 1,896
- Median age
- 57
- Under 18
- 6.7%
- 65 and older
- 37%
- Households
- 1,235
- Foreign-born
- 9.8%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Spring Park ›
Education in Spring Park
31.8% of adults 25 and older in Spring Park have a bachelor's degree or higher (Minnesota: 39.4%), and 10.3% have a graduate or professional degree.
Jobs and commute in Spring Park
- Unemployment rate
- 8.9%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 7.4%
- Drive alone
- 82%
- Public transit
- 0.5%
- Walk to work
- 2.3%
- Homes with broadband
- 80.9%
Spring Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spring Park | 1,896 | $48,315 | $661,600 | $1,241 |
| Mound | 9,107 | $86,675 | $370,800 | $1,098 |
| Village of Minnetonka Beach | 469 | $250,001 | $2,000,001 | — |
| Tonka Bay | 1,270 | $156,458 | $917,100 | $2,320 |
| Orono | 8,195 | $173,527 | $1,004,500 | $1,818 |
| Shorewood | 7,647 | $171,063 | $703,200 | $1,607 |
| Excelsior | 2,570 | $103,068 | $909,200 | $1,143 |
| Minnetrista | 8,708 | $163,051 | $658,300 | $3,501 |
| Greenwood | 699 | $215,278 | $1,240,400 | $1,885 |
More for people moving to Spring Park
Spring Park ZIP code ›Weather and climate ›Living in Spring Park: FAQ
What is the median household income in Spring Park, MN?
The median household income in Spring Park is $48,315, 46% 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 Spring Park?
The median home value in Spring Park is $661,600, compared with $329,300 in Minnesota.
How much is rent in Spring Park?
The median gross rent in Spring Park is $1,241 per month, about 33.5% of household income.
Is Spring Park, MN a good place to live?
Pluses: an average commute of 21 minutes; a poverty rate of 9%. Minuses: median household income 46% lower than the Minnesota median; home values 101% higher than the state median; unemployment of 8.9%.
What is the median age in Spring Park?
The median age in Spring Park is 57 years (Minnesota: 38.8).
How long is the commute in Spring Park?
The average commute to work in Spring Park is 21 minutes; 7.4% of workers work from home.
What is the unemployment rate in Spring Park?
The unemployment rate in Spring Park is 8.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spring Park?
31.8% of adults in Spring Park 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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