Echo, MN Profile: Facts & Data

The primary coordinate point for Echo is located at latitude 44.6169 and longitude -95.4175 in Yellow Medicine County. The formal boundaries for the City of Echo encompass a land area of 1.01 sq. miles and a water area of 0 sq. miles. Yellow Medicine County is in the Central time zone (GMT -6). The elevation is 1,079 feet.

The City of Echo (GNIS ID: 2394612) 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.

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

POPULATION
Total Population	262 (100%)
Population in Households	262 (100.0%)
Population in Families	226 (86.3%)
Population in Group Quarters¹	0
Population Density	259
Diversity Index²	21


INCOME
Median Household Income	$59,523
Average Household Income	$79,467
% of Income for Mortgage⁴	7%
Per Capita Income	$32,636
Wealth Index⁵	97

HOUSING
Total HU (Housing Units)	116 (100%)
Owner Occupied HU	87 (75.0%)
Renter Occupied HU	18 (15.5%)
Vacant Housing Units	11 ( 9.5%)
Median Home Value	$98,810
Average Home Value	$241,176
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	105
Average Household Size	2.5
Family Households	77
Average Family Size	3

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.

Echo, MN - Peer Comparisons by Rank and Percentile

The table below compares Echo 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.58%	-0.78%
Households	-0.54%	-0.77%
Families	0.79%	-0.79%
Median Household Income		2.95%
Per Capita Income		2.24%
Owner Occupied HU		-0.7%

Variable Description	Rank	Percentile
Total Population	# 643	29th
Population Density	# 660	27th
Median Household Income	# 457	50th
Housing Affordability Index	# 886	98th
Per Capita Income	# 353	61st
Diversity Index	# 294	68th

Echo, MN Profile: Facts & Data

Echo, Minnesota - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Echo, MN - Peer Comparisons by Rank and Percentile

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