Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.7 yrs |
|---|---|
| Avg HH Size | 2.31 |
| Below Poverty | 14.7% ▲ 47% above avg |
| College Grads | 38.8% ≈ Avg |
| Unemployment | 2.7% ▼ 44% below avg |
| No HS Diploma | 130 (2.7%) |
| HS Graduate | 1,472 (30.5%) |
| Some College | 655 (13.6%) |
| Associates | 699 (14.5%) |
| Bachelors | 814 (16.8%) |
| Graduate Degree | 1,062 (22%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $72,564 ≈ Avg |
|---|---|
| Median Home Value | $159,000 ▼ 43% below avg |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $835/mo |
| Total Housing Units | 3,398 |
| Vacant Units | 275 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Montevideo is a city in Minnesota, located in Chippewa County. The city spans 1 ZIP code and is home to approximately 7,433 residents. It is a middle-aged city, with a median age of 42.7 years.
Economically, Montevideo is a solidly middle-class community. The median household income of $72,564 is near the national average. Approximately 14.7% of residents live below the poverty line. The unemployment rate is 2.7%, below the national average.
The real estate market in Montevideo is an affordable housing market. Median home values stand at $159,000, which is below the national average. Renters typically pay around $835 per month. Homeownership is high at 70.5%, typical of suburban and family-oriented communities.
The population of Montevideo is moderately educated. 38.8% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (85.16%).
Montevideo, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56265 | 7,433 | $72,564 | $159,000 | $835 | 2.7% | 38.8% | 70.5% |