Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.0 yrs |
|---|---|
| Avg HH Size | 2.77 |
| Below Poverty | 11.5% ▲ 15% above avg |
| College Grads | 45.0% ▲ 16% above avg |
| Unemployment | 1.8% ▼ 63% below avg |
| No HS Diploma | 15 (1.3%) |
| HS Graduate | 352 (30.9%) |
| Some College | 118 (10.4%) |
| Associates | 141 (12.4%) |
| Bachelors | 155 (13.6%) |
| Graduate Degree | 358 (31.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $105,938 ▲ 39% above avg |
|---|---|
| Median Home Value | $373,200 ▲ 34% above avg |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $1,025/mo |
| Total Housing Units | 685 |
| Vacant Units | 53 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Welch is a city in Minnesota, located in Goodhue County. The city spans 1 ZIP code and is home to approximately 1,760 residents. It is a mature city, with a median age of 45 years.
Economically, Welch is a upper-middle-income community. The median household income of $105,938 is above the national average. Approximately 11.5% of residents live below the poverty line. The unemployment rate is 1.8%, well below the national average.
The real estate market in Welch is a mid-range housing market. Median home values stand at $373,200, which is above the national average. Renters typically pay around $1,025 per month. Homeownership is high at 91.9%, typical of suburban and family-oriented communities.
The population of Welch is well-educated. 45.0% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (76.19%).
Welch, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55089 | 1,760 | $105,938 | $373,200 | $1,025 | 1.8% | 45.0% | 91.9% |