Living in Underwood, Minnesota
Cost of living, income, home prices, rent and demographics of Underwood · Census data 2020–2024
Underwood has 461 residents with a median age of 37. The median household income is $75,000 (16% lower than the Minnesota median), the median home value is $187,500, the median rent is $925/month.
Underwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Underwood at a glance
- Population
- 461
- Median age
- 37State: 38.8
- Median household income
- $75,000State: $89,062
- Median home value
- $187,500State: $329,300
- Median rent
- $925/moState: $1,280
- Homeowners
- 85%
- Bachelor's degree or higher
- 23.4%
- Average commute
- 17 min
Is Underwood a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 17 minutes; unemployment of 2.5%.
Cons: Median household income 16% lower than the Minnesota median; a poverty rate of 9.5%.
The weather is best in June to September.
Cost of living in Underwood
Housing is the biggest part of the cost of living. In Underwood the median home value is $187,500, 44% lower than the U.S. median. Renters pay a median of $925 per month, which is 29.2% of household income. Homeowners with a mortgage pay $1,493 a month in housing costs.
Underwood median household income
The median household income in Underwood is $75,000 and the income per person is $33,450. 9.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Underwood: homes for sale and rent
- Housing units
- 202
- Owner-occupied
- 85%
- Renter-occupied
- 15%
- Vacant
- 10.9%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.56
Underwood demographics
- Population
- 461
- Median age
- 37
- Under 18
- 26.5%
- 65 and older
- 18.4%
- Households
- 180
- Foreign-born
- 0.4%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Underwood ›
Education in Underwood
23.4% of adults 25 and older in Underwood have a bachelor's degree or higher (Minnesota: 39.4%), and 5% have a graduate or professional degree.
Jobs and commute in Underwood
- Unemployment rate
- 2.5%State: 4.1%
- Average commute
- 17 minState: 23 min
- Work from home
- 8.1%
- Drive alone
- 77.8%
- Public transit
- 0%
- Walk to work
- 2.1%
- Homes with broadband
- 91.1%
Underwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Underwood | 461 | $75,000 | $187,500 | $925 |
| Battle Lake | 786 | $59,375 | $257,600 | $1,052 |
| Dalton | 223 | $68,659 | $106,800 | $755 |
| Fergus Falls | 14,181 | $56,162 | $194,000 | $911 |
| Clitherall | 111 | $57,750 | $78,100 | — |
| Ashby | 394 | $63,333 | $154,500 | $732 |
| Elizabeth | 122 | $63,333 | $117,500 | — |
| Erhard | 154 | $63,125 | $95,000 | — |
| Ottertail | 490 | $80,500 | $332,900 | $1,150 |
More for people moving to Underwood
Underwood ZIP code ›Weather and climate ›Living in Underwood: FAQ
What is the median household income in Underwood, MN?
The median household income in Underwood is $75,000, 16% 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 Underwood?
The median home value in Underwood is $187,500, compared with $329,300 in Minnesota.
How much is rent in Underwood?
The median gross rent in Underwood is $925 per month, about 29.2% of household income.
Is Underwood, MN a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 17 minutes; unemployment of 2.5%. Minuses: median household income 16% lower than the Minnesota median; a poverty rate of 9.5%.
What is the median age in Underwood?
The median age in Underwood is 37 years (Minnesota: 38.8).
How long is the commute in Underwood?
The average commute to work in Underwood is 17 minutes; 8.1% of workers work from home.
What is the unemployment rate in Underwood?
The unemployment rate in Underwood is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Underwood?
23.4% of adults in Underwood 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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