The City of Loretto had a population of 618 as of July 1, 2017. Loretto ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.
The primary coordinate point for Loretto is located at latitude 45.0547 and longitude -93.6349 in Hennepin County. The formal boundaries for the City of Loretto (see map below) encompass a land area of 0.29 sq. miles and a water area of 0 sq. miles. Hennepin County is in the Central time zone (GMT -6). The elevation is 1,014 feet.
The City of Loretto (GNIS ID: 2395764) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Beneath the boundary map are tables with Loretto population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.
Alternate Unofficial Names for Loretto: City of Loretto.
|Daytime Population: Workers||310|
|Daytime Population: Residents||341|
|Total Daytime Population (TDP)||651|
|Ratio TDP/Total Population1||1.05|
|Population in Households||618|
|Population in Familes||558|
|Population in Group Qrtrs||0|
|Median Household Income||$120,071|
|Average Household Income||$178,552|
|Per Capita Income||$60,238|
|Total Housing Units||274 (100%)|
|Owner Occupied HU||233 (85.0%)|
|Renter Occupied HU||32 (11.7%)|
|Vacant Housing Units||9 ( 3.3%)|
|Median Home Value||$454,167|
|Average Home Value||$570,620|
|Average Household Size||2.33|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||5.1%|
|Per Capita Income||1.97%|
The table below compares Loretto to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 466||49th|
|Population Density||# 63||93rd|
|Diversity Index||# 298||67th|
|Median Household Income||# 12||99th|
|Per Capita Income||# 14||99th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.