Minneapolis has a population of 426,877 with a median age of 32.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 426,877 |
| Median Age | 32.8 |
| White | 62.7% |
| Black or African American | 18.5% |
| Asian | 5.2% |
| Hispanic or Latino | 9.9% |
| Other / Two or More Races | 3.7% |
The median household income in Minneapolis is $76,332, which is 1.6% above the national median of $75,149. The per capita income is $48,373. The poverty rate is 16.8%.
The unemployment rate in Minneapolis is 5.8%, compared to the national rate of 5.4%.
In Minneapolis, 90.8% of residents age 25+ have a high school diploma or higher, and 53.5% hold a bachelor's degree or higher (21.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.8% |
| Bachelor's Degree or Higher | 53.5% |
| Graduate or Professional Degree | 21.4% |
The median home value in Minneapolis is $328,700, above the national median of $281,900. The median monthly rent is $1,267. The homeownership rate is 48.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $328,700 |
| Median Monthly Rent | $1,267 |
| Homeownership Rate | 48.1% |
| Vacancy Rate | 6.7% |
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