Pine Springs, MN Profile: Facts & Data

The primary coordinate point for Pine Springs is located at latitude 45.0358 and longitude -92.9544 in Washington County. The formal boundaries for the City of Pine Springs encompass a land area of 0.76 sq. miles and a water area of 0.15 sq. miles. Washington County is in the Central time zone (GMT -6). The elevation is 978 feet.

The City of Pine Springs 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.

Pine Springs, MN Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	373 (100%)
Population in Households	373 (100.0%)
Population in Families	339 (90.9%)
Population in Group Quarters¹	0
Population Density	484
Diversity Index²	17


INCOME
Median Household Income	$161,643
Average Household Income	$199,917
% of Income for Mortgage⁴	16%
Per Capita Income	$71,291
Wealth Index⁵	269

HOUSING
Total HU (Housing Units)	142 (100%)
Owner Occupied HU	123 (86.6%)
Renter Occupied HU	13 ( 9.2%)
Vacant Housing Units	6 ( 4.2%)
Median Home Value	$487,838
Average Home Value	$509,298
Housing Affordability Index³	159

HOUSEHOLDS
Total Households	136
Average Household Size	2.74
Family Households	112
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.

Pine Springs, MN - Peer Comparisons by Rank and Percentile

The table below compares Pine Springs to the other 913 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	-0.47%	0.16%
Households	-0.33%	0.15%
Families		0.35%
Median Household Income		-0.70%
Per Capita Income		-0.08%
Owner Occupied HU		0.32%

Variable Description	Rank	Percentile
Total Population	# 565	38th
Population Density	# 497	46th
Median Household Income	# 9	99th
Housing Affordability Index	# 564	62nd
Per Capita Income	# 20	98th
Diversity Index	# 556	40th

Pine Springs, MN Profile: Facts & Data

Pine Springs, Minnesota - Basic Facts

Pine Springs, MN Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Pine Springs, MN - Peer Comparisons by Rank and Percentile

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