Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.8 yrs |
|---|---|
| Avg HH Size | 2.59 |
| Below Poverty | 11.2% ▲ 12% above avg |
| College Grads | 30.3% ▼ 22% below avg |
| Unemployment | 7.3% ▲ 48% above avg |
| HS Graduate | 279 (34.6%) |
| Some College | 121 (15%) |
| Associates | 162 (20.1%) |
| Bachelors | 124 (15.4%) |
| Graduate Degree | 120 (14.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $59,821 ▼ 22% below avg |
|---|---|
| Median Home Value | $99,700 ▼ 64% below avg |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Median Rent | $705/mo |
| Total Housing Units | 566 |
| Vacant Units | 63 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Welcome is a city in Minnesota, located in Martin County. The city spans 1 ZIP code and is home to approximately 1,303 residents. It is a relatively young city, with a median age of 35.8 years.
Economically, Welcome is a solidly middle-class community. The median household income of $59,821 is below the national average. Approximately 11.2% of residents live below the poverty line. The unemployment rate is 7.3%, above the national average.
The real estate market in Welcome is one of the more affordable housing markets in the country. Median home values stand at $99,700, which is well below the national average. Renters typically pay around $705 per month. Homeownership is high at 83.7%, typical of suburban and family-oriented communities.
The population of Welcome is moderately educated. 30.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (83.5%).
Welcome, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56181 | 1,303 | $59,821 | $99,700 | $705 | 7.3% | 30.3% | 83.7% |