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Shafer, 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
1,186
Population
$99,489
Median Income
$242,800
Home Value
34.0
Median Age

Demographics

Shafer has a population of 1,186 with a median age of 34.0. Here is the racial and ethnic breakdown of the population:

White
84.7%
Hispanic
7.8%
Other
6.8%
Demographic Value
Total Population1,186
Median Age34.0
White84.7%
Black or African American0.4%
Asian0.3%
Hispanic or Latino7.8%
Other / Two or More Races6.8%
Shafer, Minnesota — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 84.7%Hispanic/Latino: 7.8%Other: 6.8%Other: 0.7%1,186PopulationWhiteWhite84.7%Hispanic/LatinoHispanic/Latino7.8%OtherOther6.8%OtherOther0.7%

Income & Economy

The median household income in Shafer is $99,489, which is 23.4% above the national median of $80,610. The per capita income is $38,976. The poverty rate is 7.5%.

$99,489
Median Household Income
$38,976
Per Capita Income
7.5%
Poverty Rate

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Education

In Shafer, 96.1% of residents age 25+ have a high school diploma or higher, and 20.6% hold a bachelor's degree or higher (5.9% with a graduate or professional degree).

HS Diploma+
96.1%
Bachelor's+
20.6%
Graduate+
5.9%
Education Level % of Adults (25+)
High School Diploma or Higher96.1%
Bachelor's Degree or Higher20.6%
Graduate or Professional Degree5.9%

Housing

The median home value in Shafer is $242,800, below the national median of $303,400. The median monthly rent is $966. The homeownership rate is 84.5%.

$242,800
Median Home Value
$966/mo
Median Rent
84.5%
Homeownership Rate
Housing Metric Value
Median Home Value$242,800
Median Monthly Rent$966
Homeownership Rate84.5%
Vacancy Rate3.8%

Salaries in Minnesota

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Other Cities in Minnesota

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Frequently Asked Questions

What is the population of Shafer, Minnesota?
The population of Shafer, Minnesota is 1,186 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Shafer, Minnesota?
The median household income in Shafer, Minnesota is $99,489. This is 23.4% above the national median of $80,610.
What is the median home value in Shafer, Minnesota?
The median home value in Shafer, Minnesota is $242,800. The median monthly rent is $966.
What percentage of people in Shafer have a college degree?
In Shafer, Minnesota, 20.6% of adults age 25 and older hold a bachelor's degree or higher, and 96.1% have a high school diploma or higher.
Is Shafer, Minnesota an affordable place to live?
The home price-to-income ratio in Shafer, Minnesota is 2.4x (median home value $242,800 vs. median income $99,489), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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