Living in Truman, Minnesota
Cost of living, income, home prices, rent and demographics of Truman · Census data 2020–2024
Truman has 1,212 residents with a median age of 33. The median household income is $61,188 (31% lower than the Minnesota median), the median home value is $106,400, the median rent is $1,052/month.
Truman is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Truman at a glance
- Population
- 1,212
- Median age
- 33State: 38.8
- Median household income
- $61,188State: $89,062
- Median home value
- $106,400State: $329,300
- Median rent
- $1,052/moState: $1,280
- Homeowners
- 65.1%
- Bachelor's degree or higher
- 21.5%
- Average commute
- 18 min
Is Truman a good place to live?
Pros: Home values 68% lower than the state median; an average commute of 18 minutes; unemployment of 1.4%.
Cons: Median household income 31% lower than the Minnesota median; a poverty rate of 10.9%.
The weather is best in June to September.
Cost of living in Truman
Housing is the biggest part of the cost of living. In Truman the median home value is $106,400, 68% lower than the U.S. median. Renters pay a median of $1,052 per month, which is 33.1% of household income. Homeowners with a mortgage pay $1,105 a month in housing costs.
Truman median household income
The median household income in Truman is $61,188 and the income per person is $30,457. 10.9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Truman: homes for sale and rent
- Housing units
- 574
- Owner-occupied
- 65.1%
- Renter-occupied
- 34.9%
- Vacant
- 9.8%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.27
Truman demographics
- Population
- 1,212
- Median age
- 33
- Under 18
- 29%
- 65 and older
- 17.7%
- Households
- 518
- Foreign-born
- 5.1%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Truman ›
Education in Truman
21.5% of adults 25 and older in Truman have a bachelor's degree or higher (Minnesota: 39.4%), and 5.9% have a graduate or professional degree.
Jobs and commute in Truman
- Unemployment rate
- 1.4%State: 4.1%
- Average commute
- 18 minState: 23 min
- Work from home
- 8.7%
- Drive alone
- 84.8%
- Public transit
- 0%
- Walk to work
- 2.4%
- Homes with broadband
- 86.3%
Truman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Truman | 1,212 | $61,188 | $106,400 | $1,052 |
| Northrop | 240 | $67,083 | $136,300 | $700 |
| Lewisville | 255 | $76,250 | $63,900 | $550 |
| Granada | 243 | $70,000 | $93,800 | $579 |
| Fairmont | 10,296 | $53,084 | $169,900 | $738 |
| Ormsby | 136 | $80,625 | $75,000 | — |
| Winnebago | 1,280 | $59,643 | $110,900 | $713 |
| Welcome | 978 | $49,167 | $101,600 | $882 |
| St. James | 4,767 | $60,242 | $122,100 | $839 |
More for people moving to Truman
Truman ZIP code ›Weather and climate ›Living in Truman: FAQ
What is the median household income in Truman, MN?
The median household income in Truman is $61,188, 31% 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 Truman?
The median home value in Truman is $106,400, compared with $329,300 in Minnesota.
How much is rent in Truman?
The median gross rent in Truman is $1,052 per month, about 33.1% of household income.
Is Truman, MN a good place to live?
Pluses: home values 68% lower than the state median; an average commute of 18 minutes; unemployment of 1.4%. Minuses: median household income 31% lower than the Minnesota median; a poverty rate of 10.9%.
What is the median age in Truman?
The median age in Truman is 33 years (Minnesota: 38.8).
How long is the commute in Truman?
The average commute to work in Truman is 18 minutes; 8.7% of workers work from home.
What is the unemployment rate in Truman?
The unemployment rate in Truman is 1.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Truman?
21.5% of adults in Truman 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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