Golden Valley, MN Profile: Facts & Data

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Golden Valley, Minnesota - Basic Facts

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The City of Golden Valley had a population of 22,923 as of July 1, 2021. Golden Valley ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Golden Valley is located at latitude 45.0097 and longitude -93.3491 in Hennepin County. The formal boundaries for the City of Golden Valley encompass a land area of 10.23 sq. miles and a water area of 0.34 sq. miles. Hennepin County is in the Central time zone (GMT -6). The elevation is 856 feet.

The City of Golden Valley 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 Golden Valley: City of Golden Valley.

Jump to... (On This Page!)
  1. Golden Valley 2021 Demographic Data
  2. Growth Rates for Golden Valley (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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Golden Valley, MN Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 22,923 (100%)
Population in Households 22,467 (98.0%)
Population in Families 17,173 (74.9%)
Population in Group Quarters1 456 ( 2.0%)
Population Density 2,248
Diversity Index2 38
 
 

INCOME

Median Household Income $101,181
Average Household Income $134,477
% of Income for Mortgage4 14%
Per Capita Income $58,359
Wealth Index5 188
 

HOUSING

Total HU (Housing Units) 10,363 (100%)
Owner Occupied HU 7,154 (69.0%)
Renter Occupied HU 2,784 (26.9%)
Vacant Housing Units 425 ( 4.1%)
Median Home Value $346,680
Average Home Value $399,014
Housing Affordability Index3 151
 

HOUSEHOLDS

Total Households 9,938
Average Household Size 2.26
Family Households 6,035
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 1.05% 0.92%
Households 1.07% 0.87%
Families 0.96% 0.91%
Median Household Income   2.03%
Per Capita Income   2.14%
Owner Occupied HU   1.08%

Golden Valley, MN - Peer Comparisons by Rank and Percentile

The table below compares Golden Valley 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 # 50 95th
Population Density # 60 93rd
Median Household Income # 64 93rd
Housing Affordability Index # 287 32nd
Per Capita Income # 30 97th
Diversity Index # 134 85th

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

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