Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.6 yrs |
|---|---|
| Avg HH Size | 2.56 |
| Below Poverty | 10.1% ≈ Avg |
| College Grads | 34.9% ▼ 10% below avg |
| Unemployment | 8.5% ▲ 73% above avg |
| HS Graduate | 128 (30%) |
| Some College | 78 (18.3%) |
| Associates | 72 (16.9%) |
| Bachelors | 83 (19.4%) |
| Graduate Degree | 66 (15.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $80,278 ≈ Avg |
|---|---|
| Median Home Value | $145,000 ▼ 48% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Total Housing Units | 290 |
| Vacant Units | 62 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Forbes is a city in Minnesota, located in St. Louis County. The city spans 1 ZIP code and is home to approximately 584 residents. It is a mature city, with a median age of 49.6 years.
Economically, Forbes is a middle-income community. The median household income of $80,278 is near the national average. Approximately 10.1% of residents live below the poverty line. The unemployment rate is 8.5%, significantly above the national average.
The real estate market in Forbes is one of the more affordable housing markets in the country. Median home values stand at $145,000, which is below the national average. Homeownership is high at 97.4%, typical of suburban and family-oriented communities.
The population of Forbes is moderately educated. 34.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (94.18%).
Forbes, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55738 | 584 | $80,278 | $145,000 | — | 8.5% | 34.9% | 97.4% |