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Austin, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
26,358
Population
$68,057
Median Income
$163,900
Home Value
36.2
Median Age

Demographics

Austin has a population of 26,358 with a median age of 36.2. Here is the racial and ethnic breakdown of the population:

White
65.8%
Hispanic
18.7%
Asian
9.2%
Black
5.1%
Other
1.2%
Demographic Value
Total Population26,358
Median Age36.2
White65.8%
Black or African American5.1%
Asian9.2%
Hispanic or Latino18.7%
Other / Two or More Races1.2%
Austin, Minnesota — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 65.8%Hispanic/Latino: 18.7%Asian: 9.2%Black: 5.1%Other: 1.2%26,358PopulationWhiteWhite65.8%Hispanic/LatinoHispanic/Latino18.7%AsianAsian9.2%BlackBlack5.1%OtherOther1.2%

Income & Economy

The median household income in Austin is $68,057, which is 15.6% below the national median of $80,610. The per capita income is $31,514. The poverty rate is 12.5%.

$68,057
Median Household Income
$31,514
Per Capita Income
12.5%
Poverty Rate

Employment

The unemployment rate in Austin is 2.6%, compared to the national rate of 4.1%.

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Education

In Austin, 84.8% of residents age 25+ have a high school diploma or higher, and 23.6% hold a bachelor's degree or higher (9.5% with a graduate or professional degree).

HS Diploma+
84.8%
Bachelor's+
23.6%
Graduate+
9.5%
Education Level % of Adults (25+)
High School Diploma or Higher84.8%
Bachelor's Degree or Higher23.6%
Graduate or Professional Degree9.5%

Housing

The median home value in Austin is $163,900, below the national median of $303,400. The median monthly rent is $953. The homeownership rate is 71.5%.

$163,900
Median Home Value
$953/mo
Median Rent
71.5%
Homeownership Rate
Housing Metric Value
Median Home Value$163,900
Median Monthly Rent$953
Homeownership Rate71.5%
Vacancy Rate7.3%

Salaries in Minnesota

Explore salary data for popular occupations in Minnesota:

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Other Cities in Minnesota

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Frequently Asked Questions

What is the population of Austin, Minnesota?
The population of Austin, Minnesota is 26,358 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Austin, Minnesota?
The median household income in Austin, Minnesota is $68,057. This is 15.6% below the national median of $80,610.
What is the median home value in Austin, Minnesota?
The median home value in Austin, Minnesota is $163,900. The median monthly rent is $953.
What percentage of people in Austin have a college degree?
In Austin, Minnesota, 23.6% of adults age 25 and older hold a bachelor's degree or higher, and 84.8% have a high school diploma or higher.
Is Austin, Minnesota an affordable place to live?
The home price-to-income ratio in Austin, Minnesota is 2.4x (median home value $163,900 vs. median income $68,057), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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