Minneapolis, MN

MINNEAPOLIS, MINNESOTA: Demographic and Financial Snapshot

(Last updated on 11.27.20)

 

AGE IN MINNEAPOLIS, MINNESOTA

Age RangePopulationPercent
20 to 24 years43,35610.2%
25 to 29 years47,90411.3%
30 to 34 years45,56210.7%
35 to 39 years36,5988.6%
40 to 44 years24,3725.7%
45 to 49 years21,5065.1%
50 to 54 years17,9884.2%
55 to 59 years22,2025.2%
60 to 64 years19,0694.5%
65 to 69 years18,4364.3%
70 to 74 years10,7422.5%
75 to 79 years7,6341.8%
80 to 84 years4,1741.0%
85+ years5,0441.2%

The median age in Minneapolis is 32.2 years

Source: US Census Data; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Age

 

ETHNICITY IN MINNEAPOLIS, MINNESOTA

EthnicityPopulationPercent
White270,79563.7%
Black or African American82,55219.4%
American Indian and Alaska Native7,7451.8%
Asian26,8776.3%
Native Hawaiian and Other Pacific Islander0.0%
Other17,8184.2%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Race

 

EDUCATION IN MINNEAPOLIS, MINNESOTA

Education LevelPopulationPercent
Less than 9th grade14,0105.0%
9th to 12th grade, no diploma11,4284.1%
High school graduate (includes GED)43,82415.6%
Some college, no degree47,28816.8%
Associate’s degree20,3207.2%
Bachelor’s degree87,07231.0%
Graduate or professional degree57,28920.4%
High school graduate or higher255,79391.0%
Bachelor’s degree or higher144,36151.3%
Less than Bachelor’s degree136,87048.7%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Education (population 25+ years)

 

HOUSEHOLD INCOME IN MINNEAPOLIS, MINNESOTA

Annual Household IncomePercent
Less than $10,0008.6%
$10,000 to $14,9994.2%
$15,000 to $24,9997.8%
$25,000 to $34,9999.0%
$35,000 to $49,99910.5%
$50,000 to $74,99917.4%
$75,000 to $99,99911.1%
$100,000 to $149,99915.7%
$150,000 to $199,9997.4%
$200,000 or more8.3%

Median household income: $63,590

Mean household income: $91,392

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Household Income

 

HOUSEHOLD INCOME BY EDUCATION IN MINNEAPOLIS, MINNESOTA

Education LevelAverage Income
Less than high school graduate$26,033
High school graduate (includes GED)$27,291
Some college or Associate’s degree$36,359
Bachelor’s degree$55,201
Graduate or professional degree$70,984

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Median earnings in past 12 months by education (population 25+ years with earnings)

 

MARITAL STATUS IN MINNEAPOLIS, MINNESOTA

PopulationPercent
Population 15+ years 349,502 NA
Never married175,91150.3%
Now married (except separated)120,52234.5%
Separated6,4391.8%
Widowed8,6442.5%
Divorced37,98610.9%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Marital Status for population 15 years and over

 

POVERTY STATUS IN MINNEAPOLIS, MINNESOTA

PopulationPercent
Living beneath poverty line74,15118.0%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Poverty Rate

 

HOUSING IN MINNEAPOLIS, MINNESOTA

Owner-occupied housing units82,273
Renter-occupied housing units91,643
Single-family detached units78,273
Homeownership rate47.3%
Vacancy rate6.1%
Renters rate52.7%
Average housing value$286,833
Average monthly owner cost (with/mortgage)$1,375
Average rent$984

Source: US Census; htps://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Housing Characteristics

 

SOCIOECONOMIC CHARACTERISTIS IN MINNEAPOLIS, MINNESOTA

Average income$85,887
Average household size2.29
Percent population 16 years and over in labor force74.4%
Percent disabled11.2%
Percent with health coverage93.0%
Average travel time to work23.1 minutes
Percent workers using public transportation13.5%
Percent veterans4.3%
Percent foreign born15.7%
Percent speaking Spanish at home4.1%

Source US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Socioeconomic Characteristics

 

CONSUMER SPENDING IN MINNEAPOLIS, MINNESOTA

Total consumer expenditures per household$77,313.25
Alcoholic beverages$630.94
Alcoholic beverages consumed at home$362.89
Beer consumed away from home$113.81
Wine consumed away from home$56.63
Apparel & services$2,317.95
Men’s apparel$458.59
Women’s apparel$766.24
Children’s apparel$341.01
Boys’ apparel$113.88
Girls’ apparel$125.92
Footwear$534.47
Dining out (food away from home)$3,957.47
Dining out – Breakfast$405.88
Dining out – Lunch$1,218.35
Dining out – Dinner$1,844.38
Education$1,688.37
Entertainment / recreation$3,271.72
Club membership fees$244.64
Dating services$1.00
Pet food$248.50
Pet services$63.58
Food consumed at home$5,425.11
Bakery products consumed at home$709.09
Dairy products consumed at home$554.14
Fruits and vegetables consumed at home$1,072.29
Meat, poultry, fish, eggs consumed at home$1,209.59
Nonalcoholic beverages consumed at home$528.71
Snacks / other food products consumed at home$1,880.01
Health care$5,683.25
Medical services$1,051.82
Nonprescription drugs$141.18
Household Services$2,065.19
Care for the elderly and handicapped$69.73
Lawn and garden services$395.41
Housekeeping services$168.09
PC repair$7.29
Housing$25,015.14
Home improvements$2,238.03
Utilities, fuel, and public services$4,907.61
Phone services$1,851.59
Water$683.65
Life and other insurance$400.56
Pensions and social security$8,180.95
Personal care products and services$920.57
Hair care products$112.63
Personal care products$387.86
Local transportation$8,802.98
Gasoline$2,309.04
Vehicle maintenance and repair$1,211.47
Travel$2,223.01
Airline fares$569.70
Auto / truck rental on trips$27.29
Lodging on trips$588.18
Food and drink on trips$540.51
Entertainment on trips$184.47

Source US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Consumer Spending (Consumer expenditures per household)

 

DEBT IN HENNEPN COUNTY (home to MINNEAPOLIS, MINNESOTA)

% with any debt in collections17%
Average debt in collections$1,359
% with medical debt in collections3%
Average medical debt in collections$362
% with student loan debt21%
Average student loan debt$21,561
Average monthly student loan payment$213
% with auto debt30%

Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program
: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (017)
Data Point
: Consumer Debt

 

UNEMPLOYMENT IN MINNEAPOLIS, MINNESOTA

YearPopulationPercent
January 20197,5253.1%
February 20196,9802.9%
March 20197,2743.0%
April 20195,9872.5%
May 20196,3502.6%
June 20197,8393.2%
July 20197,6893.1%
August 20197,5333.0%
September 20196,4662.6%
October 20196,5802.7%
November 20196,2132.5%
December 20196,3372.6%
January 20206,0152.5%
February 20206,2682.6%
March 20206,7732.8%
April 202024,33410.0%
May 202028,11.6%
June 202029,01711.4%
July 202026,50910.5%

Source: US Bureau of Labor Statistics; https://www.ls.gov/lau/data.htm
Survey/Program
: Local Area Employment Statistics
Data Point
: Unemployment totals (not seasonally adjusted)

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