Living in Stephen, Minnesota
Cost of living, income, home prices, rent and demographics of Stephen · Census data 2020–2024
Stephen has 526 residents with a median age of 51.6. The median household income is $71,250 (20% lower than the Minnesota median), the median home value is $87,500, the median rent is $1,063/month.
Stephen is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Stephen at a glance
- Population
- 526
- Median age
- 51.6State: 38.8
- Median household income
- $71,250State: $89,062
- Median home value
- $87,500State: $329,300
- Median rent
- $1,063/moState: $1,280
- Homeowners
- 88.6%
- Bachelor's degree or higher
- 20.7%
- Average commute
- 21 min
Is Stephen a good place to live?
Pros: Home values 73% lower than the state median; an average commute of 21 minutes; unemployment of 3.7%.
Cons: Median household income 20% lower than the Minnesota median; a poverty rate of 9.9%.
The weather is best in June to September.
Cost of living in Stephen
Housing is the biggest part of the cost of living. In Stephen the median home value is $87,500, 74% lower than the U.S. median. Renters pay a median of $1,063 per month, which is 51% of household income. Homeowners with a mortgage pay $1,167 a month in housing costs.
Stephen median household income
The median household income in Stephen is $71,250 and the income per person is $37,134. 9.9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Stephen: homes for sale and rent
- Housing units
- 288
- Owner-occupied
- 88.6%
- Renter-occupied
- 11.4%
- Vacant
- 20.5%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.14
Stephen demographics
- Population
- 526
- Median age
- 51.6
- Under 18
- 17.3%
- 65 and older
- 24.1%
- Households
- 229
- Foreign-born
- 5.9%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Stephen ›
Education in Stephen
20.7% of adults 25 and older in Stephen have a bachelor's degree or higher (Minnesota: 39.4%), and 4.1% have a graduate or professional degree.
Jobs and commute in Stephen
- Unemployment rate
- 3.7%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 2.8%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 5.5%
- Homes with broadband
- 86.9%
Stephen vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Stephen | 526 | $71,250 | $87,500 | $1,063 |
| Argyle | 486 | $105,625 | $191,800 | $431 |
| Kennedy | 170 | $39,688 | $50,700 | — |
| Drayton | 763 | $70,250 | $107,500 | $495 |
| Warren | 1,680 | $59,875 | $148,400 | $717 |
| Karlstad | 622 | $64,000 | $126,300 | $619 |
| Alvarado | 317 | $66,964 | $133,300 | $1,075 |
| Oslo | 260 | $63,750 | $79,600 | $950 |
| Lake Bronson | 190 | $49,375 | $44,100 | $645 |
More for people moving to Stephen
Stephen ZIP code ›Weather and climate ›Living in Stephen: FAQ
What is the median household income in Stephen, MN?
The median household income in Stephen is $71,250, 20% 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 Stephen?
The median home value in Stephen is $87,500, compared with $329,300 in Minnesota.
How much is rent in Stephen?
The median gross rent in Stephen is $1,063 per month, about 51% of household income.
Is Stephen, MN a good place to live?
Pluses: home values 73% lower than the state median; an average commute of 21 minutes; unemployment of 3.7%. Minuses: median household income 20% lower than the Minnesota median; a poverty rate of 9.9%.
What is the median age in Stephen?
The median age in Stephen is 51.6 years (Minnesota: 38.8).
How long is the commute in Stephen?
The average commute to work in Stephen is 21 minutes; 2.8% of workers work from home.
What is the unemployment rate in Stephen?
The unemployment rate in Stephen is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Stephen?
20.7% of adults in Stephen 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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