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Loretto, 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
784
Population
$114,167
Median Income
$361,500
Home Value
37.0
Median Age

Demographics

Loretto has a population of 784 with a median age of 37.0. Here is the racial and ethnic breakdown of the population:

White
94.3%
Black
4.5%
Hispanic
1.1%
Demographic Value
Total Population784
Median Age37.0
White94.3%
Black or African American4.5%
Asian0.1%
Hispanic or Latino1.1%
Loretto, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 94.3%Black: 4.5%Other: 1.2%784PopulationWhiteWhite94.3%BlackBlack4.5%OtherOther1.2%

Income & Economy

The median household income in Loretto is $114,167, which is 41.6% above the national median of $80,610. The per capita income is $61,954. The poverty rate is 7.4%.

$114,167
Median Household Income
$61,954
Per Capita Income
7.4%
Poverty Rate

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Education

In Loretto, 94.6% of residents age 25+ have a high school diploma or higher, and 45.4% hold a bachelor's degree or higher (10.9% with a graduate or professional degree).

HS Diploma+
94.6%
Bachelor's+
45.4%
Graduate+
10.9%
Education Level % of Adults (25+)
High School Diploma or Higher94.6%
Bachelor's Degree or Higher45.4%
Graduate or Professional Degree10.9%

Housing

The median home value in Loretto is $361,500, above the national median of $303,400. The median monthly rent is $630. The homeownership rate is 83.8%.

$361,500
Median Home Value
$630/mo
Median Rent
83.8%
Homeownership Rate
Housing Metric Value
Median Home Value$361,500
Median Monthly Rent$630
Homeownership Rate83.8%
Vacancy Rate4.3%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Loretto, Minnesota?
The population of Loretto, Minnesota is 784 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Loretto, Minnesota?
The median household income in Loretto, Minnesota is $114,167. This is 41.6% above the national median of $80,610.
What is the median home value in Loretto, Minnesota?
The median home value in Loretto, Minnesota is $361,500. The median monthly rent is $630.
What percentage of people in Loretto have a college degree?
In Loretto, Minnesota, 45.4% of adults age 25 and older hold a bachelor's degree or higher, and 94.6% have a high school diploma or higher.
Is Loretto, Minnesota an affordable place to live?
The home price-to-income ratio in Loretto, Minnesota is 3.2x (median home value $361,500 vs. median income $114,167), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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