Hoffman, MN Profile: Facts & Data

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Hoffman, Minnesota - Basic Facts

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The City of Hoffman had a population of 791 as of July 1, 2021.

The primary coordinate point for Hoffman is located at latitude 45.8294 and longitude -95.792 in Grant County. The formal boundaries for the City of Hoffman encompass a land area of 2.07 sq. miles and a water area of 0 sq. miles. Grant County is in the Central time zone (GMT -6). The elevation is 1,243 feet.

The City of Hoffman 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 Hoffman: City of Hoffman, Hottman.

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  1. Hoffman 2021 Demographic Data
  2. Growth Rates for Hoffman (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 - 2021 Demographics
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Hoffman, MN Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 791 (100%)
Population in Households 753 (95.2%)
Population in Families 544 (68.8%)
Population in Group Quarters1 38 ( 4.8%)
Population Density 367
Diversity Index2 18
 
 

INCOME

Median Household Income $50,293
Average Household Income $61,859
% of Income for Mortgage4 11%
Per Capita Income $26,397
Wealth Index5 56
 

HOUSING

Total HU (Housing Units) 388 (100%)
Owner Occupied HU 244 (62.9%)
Renter Occupied HU 90 (23.2%)
Vacant Housing Units 54 (13.9%)
Median Home Value $126,293
Average Home Value $153,498
Housing Affordability Index3 219
 

HOUSEHOLDS

Total Households 334
Average Household Size 2.25
Family Households 180
Average Family Size 3
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 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.
  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 % 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).
  5. 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

2010-2021 2021-2026
Population 1.34% 0.89%
Households 1.42% 0.94%
Families 1.63% 0.87%
Median Household Income   0.95%
Per Capita Income   1.89%
Owner Occupied HU   1.2%

Hoffman, MN - Peer Comparisons by Rank and Percentile

The table below compares Hoffman to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2021 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 # 405 55th
Population Density # 589 35th
Median Household Income # 786 13th
Housing Affordability Index # 685 76th
Per Capita Income # 764 16th
Diversity Index # 362 60th

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

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