Grand Meadow, MN Profile: Facts & Data

The City of Grand Meadow had a population of 1,072 as of July 1, 2024. Grand Meadow ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Grand Meadow is located at latitude 43.7058 and longitude -92.5721 in Mower County. The formal boundaries for the City of Grand Meadow encompass a land area of 0.67 sq. miles and a water area of 0 sq. miles. Mower County is in the Central time zone (GMT -6).

The City of Grand Meadow 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.

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

POPULATION
Total Population	1,072 (100%)
Population in Households	1,050 (97.9%)
Population in Families	874 (81.5%)
Population in Group Quarters¹	22 ( 2.1%)
Population Density	1,571
Diversity Index²	15


INCOME
Median Household Income	$85,956
Average Household Income	$106,167
% of Income for Mortgage⁴	21%
Per Capita Income	$44,194
Wealth Index⁵	95
Socioeconomic Status Index⁶	Moderate (58.3)

HOUSING
Total HU (Housing Units)	490 (100%)
Owner Occupied HU	358 (73.1%)
Renter Occupied HU	88 (18.0%)
Vacant Housing Units	44 ( 9.0%)
Median Home Value	$290,909
Average Home Value	$404,818
Housing Affordability Index³	115

HOUSEHOLDS
Total Households	446
Average Household Size	2.35
Family Households	311
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.

Grand Meadow, MN - Peer Comparisons by Rank and Percentile

The table below compares Grand Meadow 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	-1.17%	-0.17%
Households	-0.67%	-0.23%
Families		0.70%
Median Household Income		2.48%
Per Capita Income		3.05%
Owner Occupied HU		-0.11%

Variable Description	Rank	Percentile
Total Population	# 354	61st
Population Density	# 124	87th
Median Household Income	# 297	68th
Housing Affordability Index	# 585	64th
Per Capita Income	# 349	62nd
Diversity Index	# 685	26th

Grand Meadow, MN Profile: Facts & Data

Grand Meadow, Minnesota - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Grand Meadow, MN - Peer Comparisons by Rank and Percentile

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