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Floodwood, 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
497
Population
$36,563
Median Income
$92,100
Home Value
41.4
Median Age

Demographics

Floodwood has a population of 497 with a median age of 41.4. Here is the racial and ethnic breakdown of the population:

White
87.7%
Other
8.3%
Black
2.8%
Hispanic
0.8%
Demographic Value
Total Population497
Median Age41.4
White87.7%
Black or African American2.8%
Asian0.4%
Hispanic or Latino0.8%
Other / Two or More Races8.3%
Floodwood, Minnesota — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 87.7%Other: 8.3%Black: 2.8%Other: 1.2%497PopulationWhiteWhite87.7%OtherOther8.3%BlackBlack2.8%OtherOther1.2%

Income & Economy

The median household income in Floodwood is $36,563, which is 54.6% below the national median of $80,610. The per capita income is $25,081. The poverty rate is 24.1%.

$36,563
Median Household Income
$25,081
Per Capita Income
24.1%
Poverty Rate

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Education

In Floodwood, 90.5% of residents age 25+ have a high school diploma or higher, and 6.4% hold a bachelor's degree or higher (0.9% with a graduate or professional degree).

HS Diploma+
90.5%
Bachelor's+
6.4%
Graduate+
0.9%
Education Level % of Adults (25+)
High School Diploma or Higher90.5%
Bachelor's Degree or Higher6.4%
Graduate or Professional Degree0.9%

Housing

The median home value in Floodwood is $92,100, below the national median of $303,400. The median monthly rent is $653. The homeownership rate is 71.2%.

$92,100
Median Home Value
$653/mo
Median Rent
71.2%
Homeownership Rate
Housing Metric Value
Median Home Value$92,100
Median Monthly Rent$653
Homeownership Rate71.2%
Vacancy Rate22.4%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Floodwood, Minnesota?
The population of Floodwood, Minnesota is 497 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Floodwood, Minnesota?
The median household income in Floodwood, Minnesota is $36,563. This is 54.6% below the national median of $80,610.
What is the median home value in Floodwood, Minnesota?
The median home value in Floodwood, Minnesota is $92,100. The median monthly rent is $653.
What percentage of people in Floodwood have a college degree?
In Floodwood, Minnesota, 6.4% of adults age 25 and older hold a bachelor's degree or higher, and 90.5% have a high school diploma or higher.
Is Floodwood, Minnesota an affordable place to live?
The home price-to-income ratio in Floodwood, Minnesota is 2.5x (median home value $92,100 vs. median income $36,563), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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