Wadena County MN Data & Peer Group Rankings

HOUSING AFFORDABILITY INDEX
Wadena County MN Housing Affordability Index is 145 State of Minnesota Housing Affordability Index is 135
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.

WEALTH INDEX
Wadena County MN Wealth Index is 58 State of Minnesota Wealth Index is 112
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

POPULATION
Total Population	14,248
Population in Households	13,766
Population in Families	10,835
Population in Group Qrtrs	482
Population Density	27
Diversity Index¹	13

INCOME
Median Household Income	$40,798
Average Household Income	$55,478
Per Capita Income	$22,946
Wealth Index³	58

HOUSING
Total Housing Units	7,127 (100%)
Owner Occupied HU	4,532 (63.6%)
Renter Occupied HU	1,349 (18.9%)
Vacant Housing Units	1,246 (17.5%)
Median Home Value	$131,003
Housing Affordability Index²	145

HOUSEHOLDS
Total Households	5,881
Average Household Size	2.34
Family Households	3,679
Average Family Size	3

NOTES

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 race 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 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.

Wadena County MN - Peer Comparisons by Rank and Percentile

The table below compares Wadena County to the other 87 counties and county equivalents in Minnesota by rank and percentile using July 1, 2019 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	2010-2019	2019-2024
Population	0.31%	0.37%
Households	0.33%	0.39%
Families	0.22%	0.31%
Median Household Income		1.79%
Per Capita Income		2.37%

Variable Description	Rank	Percentile
Total Population	# 59	33rd
Population Density	# 47	47th
Diversity Index	# 75	15th
Median Household Income	# 87	1st
Per Capita Income	# 86	2nd

Wadena County MN Information

Wadena County MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Wadena County MN - Peer Comparisons by Rank and Percentile

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