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Finland, 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
257
Population
$53,500
Median Income
$181,700
Home Value
54.8
Median Age

Demographics

Finland has a population of 257 with a median age of 54.8. Here is the racial and ethnic breakdown of the population:

White
97.7%
Hispanic
1.2%
Other
1.1%
Demographic Value
Total Population257
Median Age54.8
White97.7%
Hispanic or Latino1.2%
Other / Two or More Races1.1%
Finland, Minnesota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.7%Other: 2.3%257PopulationWhiteWhite97.7%OtherOther2.3%

Income & Economy

The median household income in Finland is $53,500, which is 33.6% below the national median of $80,610. The per capita income is $34,279. The poverty rate is 19.8%.

$53,500
Median Household Income
$34,279
Per Capita Income
19.8%
Poverty Rate

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Education

In Finland, 90.7% of residents age 25+ have a high school diploma or higher, and 13.7% hold a bachelor's degree or higher (6.2% with a graduate or professional degree).

HS Diploma+
90.7%
Bachelor's+
13.7%
Graduate+
6.2%
Education Level % of Adults (25+)
High School Diploma or Higher90.7%
Bachelor's Degree or Higher13.7%
Graduate or Professional Degree6.2%

Housing

The median home value in Finland is $181,700, below the national median of $303,400. The median monthly rent is $679. The homeownership rate is 85.7%.

$181,700
Median Home Value
$679/mo
Median Rent
85.7%
Homeownership Rate
Housing Metric Value
Median Home Value$181,700
Median Monthly Rent$679
Homeownership Rate85.7%
Vacancy Rate17.6%

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Frequently Asked Questions

What is the population of Finland, Minnesota?
The population of Finland, Minnesota is 257 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Finland, Minnesota?
The median household income in Finland, Minnesota is $53,500. This is 33.6% below the national median of $80,610.
What is the median home value in Finland, Minnesota?
The median home value in Finland, Minnesota is $181,700. The median monthly rent is $679.
What percentage of people in Finland have a college degree?
In Finland, Minnesota, 13.7% of adults age 25 and older hold a bachelor's degree or higher, and 90.7% have a high school diploma or higher.
Is Finland, Minnesota an affordable place to live?
The home price-to-income ratio in Finland, Minnesota is 3.4x (median home value $181,700 vs. median income $53,500), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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