Nicollet, MN Profile: Facts & Data

The City of Nicollet had a population of 1,103 as of July 1, 2024. Nicollet 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 Nicollet is located at latitude 44.2761 and longitude -94.1875 in Nicollet County. The formal boundaries for the City of Nicollet encompass a land area of 0.94 sq. miles and a water area of 0 sq. miles. Nicollet County is in the Central time zone (GMT -6).

The City of Nicollet 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.

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

POPULATION
Total Population	1,103 (100%)
Population in Households	1,103 (100.0%)
Population in Families	903 (81.9%)
Population in Group Quarters¹	0
Population Density	1,217
Diversity Index²	18


INCOME
Median Household Income	$85,622
Average Household Income	$99,912
% of Income for Mortgage⁴	25%
Per Capita Income	$41,939
Wealth Index⁵	83
Socioeconomic Status Index⁶	Moderate (60.8)

HOUSING
Total HU (Housing Units)	477 (100%)
Owner Occupied HU	365 (76.5%)
Renter Occupied HU	98 (20.5%)
Vacant Housing Units	14 ( 2.9%)
Median Home Value	$335,047
Average Home Value	$347,055
Housing Affordability Index³	98

HOUSEHOLDS
Total Households	463
Average Household Size	2.38
Family Households	337
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.

Nicollet, MN - Peer Comparisons by Rank and Percentile

The table below compares Nicollet 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	-0.83%	-0.38%
Households	-0.30%	-0.35%
Families		-0.48%
Median Household Income		2.29%
Per Capita Income		2.67%
Owner Occupied HU		-0.28%

Variable Description	Rank	Percentile
Total Population	# 347	62nd
Population Density	# 200	78th
Median Household Income	# 303	67th
Housing Affordability Index	# 411	45th
Per Capita Income	# 418	54th
Diversity Index	# 568	38th

Nicollet, MN Profile: Facts & Data

Nicollet, Minnesota - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Nicollet, MN - Peer Comparisons by Rank and Percentile

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