Living in Welcome, Minnesota
Cost of living, income, home prices, rent and demographics of Welcome · Census data 2020–2024
Welcome has 978 residents with a median age of 34.9. The median household income is $49,167 (45% lower than the Minnesota median), the median home value is $101,600, the median rent is $882/month.
Welcome is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Welcome at a glance
- Population
- 978
- Median age
- 34.9State: 38.8
- Median household income
- $49,167State: $89,062
- Median home value
- $101,600State: $329,300
- Median rent
- $882/moState: $1,280
- Homeowners
- 76.9%
- Bachelor's degree or higher
- 17.6%
- Average commute
- 20 min
Is Welcome a good place to live?
Pros: Home values 69% lower than the state median; an average commute of 20 minutes.
Cons: Median household income 45% lower than the Minnesota median; unemployment of 8.9%; a poverty rate of 18.3%.
The weather is best in June to September.
Cost of living in Welcome
Housing is the biggest part of the cost of living. In Welcome the median home value is $101,600, 69% lower than the U.S. median. Renters pay a median of $882 per month, which is 47.1% of household income. Homeowners with a mortgage pay $958 a month in housing costs.
Welcome median household income
The median household income in Welcome is $49,167 and the income per person is $24,541. 18.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Welcome: homes for sale and rent
- Housing units
- 397
- Owner-occupied
- 76.9%
- Renter-occupied
- 23.1%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 2.60
Welcome demographics
- Population
- 978
- Median age
- 34.9
- Under 18
- 25.2%
- 65 and older
- 15.1%
- Households
- 376
- Foreign-born
- 6.7%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Welcome ›
Education in Welcome
17.6% of adults 25 and older in Welcome have a bachelor's degree or higher (Minnesota: 39.4%), and 3% have a graduate or professional degree.
Jobs and commute in Welcome
- Unemployment rate
- 8.9%State: 4.1%
- Average commute
- 20 minState: 23 min
- Work from home
- 1.7%
- Drive alone
- 90.5%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 83%
Welcome vs nearby towns
More for people moving to Welcome
Welcome ZIP code ›Weather and climate ›Living in Welcome: FAQ
What is the median household income in Welcome, MN?
The median household income in Welcome is $49,167, 45% 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 Welcome?
The median home value in Welcome is $101,600, compared with $329,300 in Minnesota.
How much is rent in Welcome?
The median gross rent in Welcome is $882 per month, about 47.1% of household income.
Is Welcome, MN a good place to live?
Pluses: home values 69% lower than the state median; an average commute of 20 minutes. Minuses: median household income 45% lower than the Minnesota median; unemployment of 8.9%; a poverty rate of 18.3%.
What is the median age in Welcome?
The median age in Welcome is 34.9 years (Minnesota: 38.8).
How long is the commute in Welcome?
The average commute to work in Welcome is 20 minutes; 1.7% of workers work from home.
What is the unemployment rate in Welcome?
The unemployment rate in Welcome is 8.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Welcome?
17.6% of adults in Welcome 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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