Breckenridge, MN Profile: Facts & Data

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Breckenridge, Minnesota - Basic Facts

The City of Breckenridge had a population of 3,412 as of July 1, 2019. Breckenridge 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 Breckenridge is located at latitude 46.2636 and longitude -96.5881 in Wilkin County. The formal boundaries for the City of Breckenridge encompass a land area of 2.53 sq. miles and a water area of 0 sq. miles. Wilkin County is in the Central time zone (GMT -6). The elevation is 965 feet.

The City of Breckenridge (GNIS ID: 2393405) 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.

Alternate Unofficial Names for Breckenridge: City of Breckenridge.

Jump to... (On This Page!)
  1. Breckenridge 2019 Demographic Data
  2. Growth Rates for Breckenridge (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

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

HOUSING AFFORDABILITY INDEX

Breckenridge, MN Housing Affordability Index is 203
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

Breckenridge, MN Wealth Index is 45
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.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 3,412 (100%)
Population in Households 3,369 (98.7%)
Population in Families 2,603 (76.3%)
Population in Group Quarters1 43 ( 1.3%)
Population Density 1,349
Diversity Index2 18
 

INCOME

Median Household Income $46,444
Average Household Income $55,667
Per Capita Income $24,758
Wealth Index4 45

HOUSING

Total Housing Units 1,679 (100%)
Owner Occupied HU 878 (52.3%)
Renter Occupied HU 585 (34.8%)
Vacant Housing Units 216 (12.9%)
Median Home Value $114,216
Housing Affordability Index3 203
 

HOUSEHOLDS

Total Households 1,463
Average Household Size 2.3
Family Households 870
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.08% -0.29%
Households 0.13% -0.26%
Families 0.11% -0.32%
Median Household Income   1.67%
Per Capita Income   2.2%

Breckenridge, MN - Peer Comparisons by Rank and Percentile

The table below compares Breckenridge to the other 903 incorporated cities, towns and CDPs 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.

Variable Description Rank Percentile
Total Population # 195 79th
Population Density # 169 81st
Diversity Index # 348 62nd
Median Household Income # 778 14th
Per Capita Income # 779 14th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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