Pease, MN Profile: Facts & Data

The primary coordinate point for Pease is located at latitude 45.698 and longitude -93.648 in Mille Lacs County. The formal boundaries for the City of Pease encompass a land area of 0.91 sq. miles and a water area of 0 sq. miles. Mille Lacs County is in the Central time zone (GMT -6).

The City of Pease 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.

Pease, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	243 (100%)
Population in Households	243 (100.0%)
Population in Families	201 (82.7%)
Population in Group Quarters¹	0
Population Density	460
Diversity Index²	21


INCOME
Median Household Income	$101,340
Average Household Income	$109,881
% of Income for Mortgage⁴	20%
Per Capita Income	$42,958
Wealth Index⁵	89
Socioeconomic Status Index⁶	Moderate (54.3)

HOUSING
Total HU (Housing Units)	98 (100%)
Owner Occupied HU	74 (75.5%)
Renter Occupied HU	21 (21.4%)
Vacant Housing Units	3 ( 3.1%)
Median Home Value	$320,000
Average Home Value	$378,378
Housing Affordability Index³	122

HOUSEHOLDS
Total Households	95
Average Household Size	2.56
Family Households	66
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Pease, MN - Peer Comparisons by Rank and Percentile

The table below compares Pease 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.49%	0.25%
Households	0.76%	0.42%
Families		2.86%
Median Household Income		0.51%
Per Capita Income		3.48%
Owner Occupied HU		3.05%

Variable Description	Rank	Percentile
Total Population	# 644	30th
Population Density	# 522	43rd
Median Household Income	# 150	84th
Housing Affordability Index	# 645	71st
Per Capita Income	# 384	58th
Diversity Index	# 431	53rd

Pease, MN Profile: Facts & Data

Pease, Minnesota - Basic Facts

Pease, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Pease, MN - Peer Comparisons by Rank and Percentile

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Mille Lacs County