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Peterson, 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
244
Population
$71,000
Median Income
$133,900
Home Value
29.8
Median Age

Demographics

Peterson has a population of 244 with a median age of 29.8. Here is the racial and ethnic breakdown of the population:

White
96.7%
Hispanic
2.5%
Asian
0.8%
Demographic Value
Total Population244
Median Age29.8
White96.7%
Asian0.8%
Hispanic or Latino2.5%
Peterson, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 96.7%Hispanic/Latino: 2.5%Other: 0.8%244PopulationWhiteWhite96.7%Hispanic/LatinoHispanic/Latino2.5%OtherOther0.8%

Income & Economy

The median household income in Peterson is $71,000, which is 11.9% below the national median of $80,610. The per capita income is $32,119. The poverty rate is 13.9%.

$71,000
Median Household Income
$32,119
Per Capita Income
13.9%
Poverty Rate

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Education

In Peterson, 98.6% of residents age 25+ have a high school diploma or higher, and 13.5% hold a bachelor's degree or higher (7.8% with a graduate or professional degree).

HS Diploma+
98.6%
Bachelor's+
13.5%
Graduate+
7.8%
Education Level % of Adults (25+)
High School Diploma or Higher98.6%
Bachelor's Degree or Higher13.5%
Graduate or Professional Degree7.8%

Housing

The median home value in Peterson is $133,900, below the national median of $303,400. The median monthly rent is $650. The homeownership rate is 90.2%.

$133,900
Median Home Value
$650/mo
Median Rent
90.2%
Homeownership Rate
Housing Metric Value
Median Home Value$133,900
Median Monthly Rent$650
Homeownership Rate90.2%
Vacancy Rate8.9%

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Frequently Asked Questions

What is the population of Peterson, Minnesota?
The population of Peterson, Minnesota is 244 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Peterson, Minnesota?
The median household income in Peterson, Minnesota is $71,000. This is 11.9% below the national median of $80,610.
What is the median home value in Peterson, Minnesota?
The median home value in Peterson, Minnesota is $133,900. The median monthly rent is $650.
What percentage of people in Peterson have a college degree?
In Peterson, Minnesota, 13.5% of adults age 25 and older hold a bachelor's degree or higher, and 98.6% have a high school diploma or higher.
Is Peterson, Minnesota an affordable place to live?
The home price-to-income ratio in Peterson, Minnesota is 1.9x (median home value $133,900 vs. median income $71,000), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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