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Karlstad, 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
622
Population
$64,000
Median Income
$126,300
Home Value
50.2
Median Age

Demographics

Karlstad has a population of 622 with a median age of 50.2. Here is the racial and ethnic breakdown of the population:

White
97.4%
Other
2.4%
Demographic Value
Total Population622
Median Age50.2
White97.4%
Asian0.2%
Other / Two or More Races2.4%
Karlstad, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 97.4%Other: 2.4%Other: 0.2%622PopulationWhiteWhite97.4%OtherOther2.4%OtherOther0.2%

Income & Economy

The median household income in Karlstad is $64,000, which is 20.6% below the national median of $80,610. The per capita income is $34,509. The poverty rate is 11.9%.

$64,000
Median Household Income
$34,509
Per Capita Income
11.9%
Poverty Rate

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Education

In Karlstad, 99.3% of residents age 25+ have a high school diploma or higher, and 39.5% hold a bachelor's degree or higher (2.0% with a graduate or professional degree).

HS Diploma+
99.3%
Bachelor's+
39.5%
Graduate+
2.0%
Education Level % of Adults (25+)
High School Diploma or Higher99.3%
Bachelor's Degree or Higher39.5%
Graduate or Professional Degree2.0%

Housing

The median home value in Karlstad is $126,300, below the national median of $303,400. The median monthly rent is $619. The homeownership rate is 74.4%.

$126,300
Median Home Value
$619/mo
Median Rent
74.4%
Homeownership Rate
Housing Metric Value
Median Home Value$126,300
Median Monthly Rent$619
Homeownership Rate74.4%
Vacancy Rate17.1%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Karlstad, Minnesota?
The population of Karlstad, Minnesota is 622 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Karlstad, Minnesota?
The median household income in Karlstad, Minnesota is $64,000. This is 20.6% below the national median of $80,610.
What is the median home value in Karlstad, Minnesota?
The median home value in Karlstad, Minnesota is $126,300. The median monthly rent is $619.
What percentage of people in Karlstad have a college degree?
In Karlstad, Minnesota, 39.5% of adults age 25 and older hold a bachelor's degree or higher, and 99.3% have a high school diploma or higher.
Is Karlstad, Minnesota an affordable place to live?
The home price-to-income ratio in Karlstad, Minnesota is 2.0x (median home value $126,300 vs. median income $64,000), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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