Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.8 yrs |
|---|---|
| Avg HH Size | 2.54 |
| Below Poverty | 8.3% ▼ 17% below avg |
| College Grads | 36.3% ≈ Avg |
| Unemployment | 1.6% ▼ 66% below avg |
| No HS Diploma | 8 (0.8%) |
| HS Graduate | 416 (42.2%) |
| Some College | 107 (10.9%) |
| Associates | 97 (9.8%) |
| Bachelors | 151 (15.3%) |
| Graduate Degree | 207 (21%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $70,000 ▼ 8% below avg |
|---|---|
| Median Home Value | $135,000 ▼ 52% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $1,036/mo |
| Total Housing Units | 661 |
| Vacant Units | 81 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Morgan is a city in Minnesota, located in Redwood County. The city spans 1 ZIP code and is home to approximately 1,516 residents. It is a middle-aged city, with a median age of 41.8 years.
Economically, Morgan is a solidly middle-class community. The median household income of $70,000 is near the national average. Approximately 8.3% of residents live below the poverty line. The unemployment rate is 1.6%, well below the national average.
The real estate market in Morgan is one of the more affordable housing markets in the country. Median home values stand at $135,000, which is well below the national average. Renters typically pay around $1,036 per month. Homeownership is high at 82.8%, typical of suburban and family-oriented communities.
The population of Morgan is moderately educated. 36.3% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (90.04%).
Morgan, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56266 | 1,516 | $70,000 | $135,000 | $1,036 | 1.6% | 36.3% | 82.8% |