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Paynesville, 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
2,519
Population
$75,250
Median Income
$178,200
Home Value
36.1
Median Age

Demographics

Paynesville has a population of 2,519 with a median age of 36.1. Here is the racial and ethnic breakdown of the population:

White
92.1%
Hispanic
6.9%
Asian
0.8%
Demographic Value
Total Population2,519
Median Age36.1
White92.1%
Black or African American0.3%
Asian0.8%
Hispanic or Latino6.9%
Paynesville, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 92.0%Hispanic/Latino: 6.9%Other: 1.1%2,519PopulationWhiteWhite92.0%Hispanic/LatinoHispanic/Latino6.9%OtherOther1.1%

Income & Economy

The median household income in Paynesville is $75,250, which is 6.6% below the national median of $80,610. The per capita income is $34,748. The poverty rate is 5.6%.

$75,250
Median Household Income
$34,748
Per Capita Income
5.6%
Poverty Rate

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Education

In Paynesville, 93.7% of residents age 25+ have a high school diploma or higher, and 27.2% hold a bachelor's degree or higher (7.5% with a graduate or professional degree).

HS Diploma+
93.7%
Bachelor's+
27.2%
Graduate+
7.5%
Education Level % of Adults (25+)
High School Diploma or Higher93.7%
Bachelor's Degree or Higher27.2%
Graduate or Professional Degree7.5%

Housing

The median home value in Paynesville is $178,200, below the national median of $303,400. The median monthly rent is $815. The homeownership rate is 68.6%.

$178,200
Median Home Value
$815/mo
Median Rent
68.6%
Homeownership Rate
Housing Metric Value
Median Home Value$178,200
Median Monthly Rent$815
Homeownership Rate68.6%
Vacancy Rate10.8%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Paynesville, Minnesota?
The population of Paynesville, Minnesota is 2,519 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Paynesville, Minnesota?
The median household income in Paynesville, Minnesota is $75,250. This is 6.6% below the national median of $80,610.
What is the median home value in Paynesville, Minnesota?
The median home value in Paynesville, Minnesota is $178,200. The median monthly rent is $815.
What percentage of people in Paynesville have a college degree?
In Paynesville, Minnesota, 27.2% of adults age 25 and older hold a bachelor's degree or higher, and 93.7% have a high school diploma or higher.
Is Paynesville, Minnesota an affordable place to live?
The home price-to-income ratio in Paynesville, Minnesota is 2.4x (median home value $178,200 vs. median income $75,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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