Vermillion, MN Profile: Facts & Data

Vermillion, Minnesota - Basic Facts

The City of Vermillion had a population of 432 as of July 1, 2024.

The primary coordinate point for Vermillion is located at latitude 44.6736 and longitude -92.9672 in Dakota County. The formal boundaries for the City of Vermillion encompass a land area of 0.96 sq. miles and a water area of 0.01 sq. miles. Dakota County is in the Central time zone (GMT -6).

The City of Vermillion 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.

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Vermillion, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	432 (100%)
Population in Households	430 (99.5%)
Population in Families	384 (88.9%)
Population in Group Quarters¹	2 ( 0.5%)
Population Density	439
Diversity Index²	18


INCOME
Median Household Income	$100,866
Average Household Income	$118,577
% of Income for Mortgage⁴	28%
Per Capita Income	$45,295
Wealth Index⁵	112
Socioeconomic Status Index⁶	Moderate (58.4)

HOUSING
Total HU (Housing Units)	166 (100%)
Owner Occupied HU	149 (89.8%)
Renter Occupied HU	16 ( 9.6%)
Vacant Housing Units	1 ( 0.6%)
Median Home Value	$443,269
Average Home Value	$477,181
Housing Affordability Index³	88

HOUSEHOLDS
Total Households	165
Average Household Size	2.61
Family Households	128
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

166 (100%)

Owner Occupied HU

149 (89.8%)

Renter Occupied HU

16 ( 9.6%)

Vacant Housing Units

1 ( 0.6%)

Median Home Value

$443,269

Average Home Value

$477,181

Housing Affordability Index³

HOUSEHOLDS

Total Households

165

Average Household Size

2.61

Family Households

128

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.48%	-0.56%
Households	-0.42%	-0.49%
Families		-0.47%
Median Household Income		2.54%
Per Capita Income		3.66%
Owner Occupied HU		0.27%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.48%

-0.56%

Households

-0.42%

-0.49%

Families

-0.47%

Median Household Income

2.54%

Per Capita Income

3.66%

Owner Occupied HU

0.27%

Vermillion, MN - Peer Comparisons by Rank and Percentile

The table below compares Vermillion to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 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.

Variable Description	Rank	Percentile
Total Population	# 533	42nd
Population Density	# 533	42nd
Median Household Income	# 159	83rd
Housing Affordability Index	# 297	32nd
Per Capita Income	# 312	66th
Diversity Index	# 559	39th

Variable Description

Rank

Percentile

Total Population

# 533

42nd

Population Density

# 533

42nd

Median Household Income

# 159

83rd

Housing Affordability Index

# 297

32nd

Per Capita Income

# 312

66th

Diversity Index

# 559

39th

Minnesota Census Data Comparison Tool

Vermillion, MN Profile: Facts & Data

Vermillion, Minnesota - Basic Facts

Vermillion, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Vermillion, MN - Peer Comparisons by Rank and Percentile

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