Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 34.6 yrs |
|---|---|
| Avg HH Size | 2.45 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 43.3% ▲ 12% above avg |
| Unemployment | 6.1% ▲ 25% above avg |
| HS Graduate | 85 (30.9%) |
| Some College | 26 (9.5%) |
| Associates | 45 (16.4%) |
| Bachelors | 36 (13.1%) |
| Graduate Degree | 83 (30.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $60,893 ▼ 20% below avg |
|---|---|
| Median Home Value | $235,300 ▼ 16% below avg |
| Home/Income Ratio | 3.9x (nat avg ~3.5x) |
| Median Rent | $1,266/mo |
| Total Housing Units | 401 |
| Vacant Units | 236 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Tofte is a city in Minnesota, located in Cook County. The city spans 1 ZIP code and is home to approximately 405 residents. It is a relatively young city, with a median age of 34.6 years.
Economically, Tofte is a solidly middle-class community. The median household income of $60,893 is below the national average. Approximately 16.1% of residents live below the poverty line. The unemployment rate is 6.1%, above the national average.
The real estate market in Tofte is an affordable housing market. Median home values stand at $235,300, which is below the national average. Renters typically pay around $1,266 per month. Homeownership is high at 74.6%, typical of suburban and family-oriented communities.
The population of Tofte is well-educated. 43.3% of adults hold a bachelor's degree or higher — near the national average. The community is majority White (69.38%).
Tofte, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55615 | 405 | $60,893 | $235,300 | $1,266 | 6.1% | 43.3% | 74.6% |