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Grove City, MN Profile: Facts & Data

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Grove City, Minnesota - Basic Facts

The City of Grove City had a population of 602 as of July 1, 2024.

The primary coordinate point for Grove City is located at latitude 45.1505 and longitude -94.6831 in Meeker County. The formal boundaries for the City of Grove City encompass a land area of 0.69 sq. miles and a water area of 0.05 sq. miles. Meeker County is in the Central time zone (GMT -6).

The City of Grove City 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. Grove City 2024 Demographic Data
  2. Growth Rates for Grove City (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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Grove City, MN Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 602 (100%)
Population in Households 602 (100.0%)
Population in Families 453 (75.2%)
Population in Group Quarters1 0
Population Density 987
Diversity Index2 22
 
 

INCOME

Median Household Income $68,903
Average Household Income $85,703
% of Income for Mortgage4 21%
Per Capita Income $39,862
Wealth Index5 63
Socioeconomic Status Index6 Moderate (45.5)
 

HOUSING

Total HU (Housing Units) 301 (100%)
Owner Occupied HU 194 (64.5%)
Renter Occupied HU 86 (28.6%)
Vacant Housing Units 21 ( 7.0%)
Median Home Value $226,471
Average Home Value $297,938
Housing Affordability Index3 119
 

HOUSEHOLDS

Total Households 280
Average Household Size 2.15
Family Households 165
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 -0.84% -0.98%
Households -0.58% -0.87%
Families   -1.63%
Median Household Income   3.19%
Per Capita Income   2.51%
Owner Occupied HU   0.10%

Grove City, MN - Peer Comparisons by Rank and Percentile

The table below compares Grove City 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 # 461 50th
Population Density # 282 69th
Median Household Income # 600 34th
Housing Affordability Index # 619 68th
Per Capita Income # 511 44th
Diversity Index # 408 55th

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

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