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Clarkfield, MN Profile: Facts & Data

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Clarkfield, Minnesota - Basic Facts

The City of Clarkfield had a population of 883 as of July 1, 2020.

The primary coordinate point for Clarkfield is located at latitude 44.7905 and longitude -95.8086 in Yellow Medicine County. The formal boundaries for the City of Clarkfield encompass a land area of 1.09 sq. miles and a water area of 0 sq. miles. Yellow Medicine County is in the Central time zone (GMT -6). The elevation is 1,089 feet.

The City of Clarkfield (GNIS ID: 2393538) 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 Clarkfield: City of Clarkfield.

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Clarkfield, MN Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 883 (100%)
Population in Households 837 (94.8%)
Population in Families 615 (69.6%)
Population in Group Quarters1 46 ( 5.2%)
Population Density 820
Diversity Index2 23
 
 

INCOME

Median Household Income $51,462
Average Household Income $61,720
% of Income for Mortgage4 6%
Per Capita Income $26,739
Wealth Index5 54
 

HOUSING

Total HU (Housing Units) 442 (100%)
Owner Occupied HU 280 (63.3%)
Renter Occupied HU 102 (23.1%)
Vacant Housing Units 60 (13.6%)
Median Home Value $72,283
Average Home Value $103,036
Housing Affordability Index3 350
 

HOUSEHOLDS

Total Households 382
Average Household Size 2.19
Family Households 212
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 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.
  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 % 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).
  5. 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

 2010-2020 2020-2025
Population 0.35% 0.0%
Households 0.39% -0.05%
Families 0.38% -0.09%
Median Household Income   1.12%
Per Capita Income   2.09%
Owner Occupied HU   0.07%

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Clarkfield, MN - Peer Comparisons by Rank and Percentile

The table below compares Clarkfield to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2020 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 # 383 58th
Population Density # 357 61st
Median Household Income # 686 24th
Housing Affordability Index # 879 97th
Per Capita Income # 705 22nd
Diversity Index # 267 71st

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

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