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Akeley, MN Profile: Facts & Data

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Akeley, Minnesota - Basic Facts

The City of Akeley had a population of 421 as of July 1, 2024.

The primary coordinate point for Akeley is located at latitude 47.0041 and longitude -94.727 in Hubbard County. The formal boundaries for the City of Akeley encompass a land area of 1.47 sq. miles and a water area of 0.03 sq. miles. Hubbard County is in the Central time zone (GMT -6).

The City of Akeley 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.


Jump to... (On This Page!)
  1. Akeley 2024 Demographic Data
  2. Growth Rates for Akeley (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 - 2024 Demographics
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Akeley, MN Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 421 (100%)
Population in Households 421 (100.0%)
Population in Families 329 (78.1%)
Population in Group Quarters1 0
Population Density 287
Diversity Index2 24
 
 

INCOME

Median Household Income $50,430
Average Household Income $72,142
% of Income for Mortgage4 36%
Per Capita Income $34,614
Wealth Index5 66
Socioeconomic Status Index6 Moderate (57.2)
 

HOUSING

Total HU (Housing Units) 254 (100%)
Owner Occupied HU 155 (61.0%)
Renter Occupied HU 47 (18.5%)
Vacant Housing Units 52 (20.5%)
Median Home Value $289,583
Average Home Value $323,387
Housing Affordability Index3 69
 

HOUSEHOLDS

Total Households 202
Average Household Size 2.08
Family Households 129
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.
  6. 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 0.97% 1.30%
Households 1.20% 0.97%
Families   0.61%
Median Household Income   2.12%
Per Capita Income   2.69%
Owner Occupied HU   2.92%

Akeley, MN - Peer Comparisons by Rank and Percentile

The table below compares Akeley 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 # 538 41st
Population Density # 638 30th
Median Household Income # 858 6th
Housing Affordability Index # 194 21st
Per Capita Income # 717 22nd
Diversity Index # 369 60th

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

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