Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 55.8 yrs |
|---|---|
| Avg HH Size | 1.81 |
| Below Poverty | 12.1% ▲ 21% above avg |
| College Grads | 31.3% ▼ 19% below avg |
| Unemployment | 6.6% ▲ 35% above avg |
| No HS Diploma | 2 (0.6%) |
| HS Graduate | 137 (38.3%) |
| Some College | 44 (12.3%) |
| Associates | 63 (17.6%) |
| Bachelors | 50 (14%) |
| Graduate Degree | 62 (17.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,813 ▼ 18% below avg |
|---|---|
| Median Home Value | $195,800 ▼ 30% below avg |
| Home/Income Ratio | 3.1x (nat avg ~3.5x) |
| Median Rent | $696/mo |
| Total Housing Units | 442 |
| Vacant Units | 194 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Finland is a city in Minnesota, located in Lake County. The city spans 1 ZIP code and is home to approximately 448 residents. It is an older city, with a median age of 55.8 years.
Economically, Finland is a solidly middle-class community. The median household income of $62,813 is below the national average. Approximately 12.1% of residents live below the poverty line. The unemployment rate is 6.6%, above the national average.
The real estate market in Finland is an affordable housing market. Median home values stand at $195,800, which is below the national average. Renters typically pay around $696 per month. Homeownership is high at 83.5%, typical of suburban and family-oriented communities.
The population of Finland is moderately educated. 31.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (97.1%).
Finland, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55603 | 448 | $62,813 | $195,800 | $696 | 6.6% | 31.3% | 83.5% |