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Raymond, 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
692
Population
$64,563
Median Income
$158,100
Home Value
38.5
Median Age

Demographics

Raymond has a population of 692 with a median age of 38.5. Here is the racial and ethnic breakdown of the population:

White
85.8%
Other
12.2%
Hispanic
1.4%
Asian
0.6%
Demographic Value
Total Population692
Median Age38.5
White85.8%
Asian0.6%
Hispanic or Latino1.4%
Other / Two or More Races12.2%
Raymond, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 85.8%Other: 12.2%Other: 2.0%692PopulationWhiteWhite85.8%OtherOther12.2%OtherOther2.0%

Income & Economy

The median household income in Raymond is $64,563, which is 19.9% below the national median of $80,610. The per capita income is $37,630. The poverty rate is 15.6%.

$64,563
Median Household Income
$37,630
Per Capita Income
15.6%
Poverty Rate

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Education

In Raymond, 87.7% of residents age 25+ have a high school diploma or higher, and 17.0% hold a bachelor's degree or higher (2.4% with a graduate or professional degree).

HS Diploma+
87.7%
Bachelor's+
17.0%
Graduate+
2.4%
Education Level % of Adults (25+)
High School Diploma or Higher87.7%
Bachelor's Degree or Higher17.0%
Graduate or Professional Degree2.4%

Housing

The median home value in Raymond is $158,100, below the national median of $303,400. The median monthly rent is $825. The homeownership rate is 66.2%.

$158,100
Median Home Value
$825/mo
Median Rent
66.2%
Homeownership Rate
Housing Metric Value
Median Home Value$158,100
Median Monthly Rent$825
Homeownership Rate66.2%
Vacancy Rate4.3%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Raymond, Minnesota?
The population of Raymond, Minnesota is 692 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Raymond, Minnesota?
The median household income in Raymond, Minnesota is $64,563. This is 19.9% below the national median of $80,610.
What is the median home value in Raymond, Minnesota?
The median home value in Raymond, Minnesota is $158,100. The median monthly rent is $825.
What percentage of people in Raymond have a college degree?
In Raymond, Minnesota, 17.0% of adults age 25 and older hold a bachelor's degree or higher, and 87.7% have a high school diploma or higher.
Is Raymond, Minnesota an affordable place to live?
The home price-to-income ratio in Raymond, Minnesota is 2.4x (median home value $158,100 vs. median income $64,563), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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