Peterson, MN Profile: Facts & Data

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Peterson, Minnesota - Basic Facts

The City of Peterson had a population of 207 as of July 1, 2019.

The primary coordinate point for Peterson is located at latitude 43.7864 and longitude -91.8349 in Fillmore County. The formal boundaries for the City of Peterson encompass a land area of 0.49 sq. miles and a water area of 0.02 sq. miles. Fillmore County is in the Central time zone (GMT -6). The elevation is 758 feet.

The City of Peterson (GNIS ID: 2396194) 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.

Alternate Unofficial Names for Peterson: City of Peterson.

Jump to... (On This Page!)
  1. Peterson 2019 Demographic Data
  2. Growth Rates for Peterson (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Peterson, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Peterson, MN Housing Affordability Index is 127
State of Minnesota Housing Affordability Index is 135
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.

WEALTH INDEX

Peterson, MN Wealth Index is 122
State of Minnesota Wealth Index is 112
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 207 (100%)
Population in Households 204 (98.6%)
Population in Families 175 (84.5%)
Population in Group Quarters1 3 ( 1.4%)
Population Density 435
Diversity Index2 14
 

INCOME

Median Household Income $66,862
Average Household Income $87,540
Per Capita Income $35,737
Wealth Index4 122

HOUSING

Total Housing Units 111 (100%)
Owner Occupied HU 91 (82.0%)
Renter Occupied HU 11 ( 9.9%)
Vacant Housing Units 10 ( 9.0%)
Median Home Value $292,500
Housing Affordability Index3 127
 

HOUSEHOLDS

Total Households 101
Average Household Size 2.02
Family Households 75
Average Family Size 2
NOTES
  1. 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.
  2. 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 race 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.
  3. 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.
  4. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.43% 0.38%
Households 0.44% 0.59%
Families 2.44% 0.53%
Median Household Income   2.76%
Per Capita Income   3.02%

Peterson, MN - Peer Comparisons by Rank and Percentile

The table below compares Peterson to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 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 # 685 24th
Population Density # 549 39th
Diversity Index # 460 50th
Median Household Income # 282 69th
Per Capita Income # 214 76th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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