Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 61.1 yrs |
|---|---|
| Avg HH Size | 2.18 |
| Below Poverty | 9.5% ≈ Avg |
| College Grads | 52.3% ▲ 35% above avg |
| Unemployment | 4.3% ▼ 12% below avg |
| HS Graduate | 372 (24.3%) |
| Some College | 133 (8.7%) |
| Associates | 224 (14.7%) |
| Bachelors | 278 (18.2%) |
| Graduate Degree | 521 (34.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $74,732 ≈ Avg |
|---|---|
| Median Home Value | $297,900 ≈ Avg |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $630/mo |
| Total Housing Units | 2,390 |
| Vacant Units | 1,505 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Tower is a city in Minnesota, located in St. Louis County. The city spans 1 ZIP code and is home to approximately 1,933 residents. It is an older city, with a median age of 61.1 years.
Economically, Tower is a solidly middle-class community. The median household income of $74,732 is near the national average. Approximately 9.5% of residents live below the poverty line. The unemployment rate is 4.3%, near the national average.
The real estate market in Tower is a mid-range housing market. Median home values stand at $297,900, which is near the national average. Renters typically pay around $630 per month. Homeownership is high at 88.0%, typical of suburban and family-oriented communities.
The population of Tower is well-educated. 52.3% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (80.24%).
Tower, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55790 | 1,933 | $74,732 | $297,900 | $630 | 4.3% | 52.3% | 88.0% |