Minneapolis, MN Profile: Facts & Data

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Minneapolis, Minnesota - Basic Facts

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The City of Minneapolis is the largest city in Minnesota with a population of 439,124 as of July 1, 2022. Minneapolis 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 Minneapolis is located at latitude 44.98 and longitude -93.2638 in Hennepin County. The formal boundaries for the City of Minneapolis encompass a land area of 54.01 sq. miles and a water area of 3.48 sq. miles. Hennepin County is in the Central time zone (GMT -6). The elevation is 830 feet.

The City of Minneapolis 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 Minneapolis: City of Minneapolis, Gakaabikaang, Mineapolis.

Jump to... (On This Page!)
  1. Minneapolis 2022 Demographic Data
  2. Growth Rates for Minneapolis (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 - 2022 Demographics
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Minneapolis, MN Data & Demographics (As of July 1, 2022)

POPULATION

Total Population 439,124 (100%)
Population in Households 419,802 (95.6%)
Population in Families 249,052 (56.7%)
Population in Group Quarters1 19,322 ( 4.4%)
Population Density 8,132
Diversity Index2 68
 
 

INCOME

Median Household Income $74,316
Average Household Income $106,386
% of Income for Mortgage4 24%
Per Capita Income $46,661
Wealth Index5 86
 

HOUSING

Total HU (Housing Units) 206,045 (100%)
Owner Occupied HU 89,964 (43.7%)
Renter Occupied HU 102,020 (49.5%)
Vacant Housing Units 14,061 ( 6.8%)
Median Home Value $332,673
Average Home Value $388,618
Housing Affordability Index3 96
 

HOUSEHOLDS

Total Households 191,984
Average Household Size 2.19
Family Households 80,474
Average Family Size 3.00
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

2020-2022 2022-2027
Population 0.94% 0.44%
Households 1.02% 0.49%
Families   0.44%
Median Household Income   3.18%
Per Capita Income   3.40%
Owner Occupied HU   0.64%

Minneapolis, MN - Peer Comparisons by Rank and Percentile

The table below compares Minneapolis to the other 913 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2022 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 # 1 100th
Population Density # 3 100th
Median Household Income # 390 57th
Housing Affordability Index # 174 19th
Per Capita Income # 116 87th
Diversity Index # 19 98th

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

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