Owatonna, Minnesota Median Income

Owatonna, Minnesota has a population of 26,400, with a median household income of $68,400.

Current median income data for Owatonna.

$68,400

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Population

26,400

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Median Income

$68,400

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Unemployment

3.20%

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Housing Price

$245,000

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Crime Rate

19.50

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Internet Speed

1000.00 Mbps

Owatonna is a smaller urban community located in Minnesota. The city has a population that is above the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Owatonna is a notable city in Minnesota, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Owatonna has a population of 26,400, which is higher than the state average. This indicates a relatively larger urban presence within Minnesota.

Income and Economy

The median household income in Owatonna is $68,400, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Owatonna average around $245,000, which is relatively high compared to other cities in Minnesota.

Employment and Safety

The unemployment rate in Owatonna is 3.20%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Owatonna are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Owatonna shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Owatonna offers a balanced mix of economic conditions, population trends, and housing opportunities within Minnesota.

Frequently Asked Questions about Owatonna

What is the population of Owatonna?

The population of Owatonna is approximately 26,400.

Is Owatonna a good place to live?

Owatonna offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Owatonna?

The median household income in Owatonna is around $68,400.

How expensive is housing in Owatonna?

The average housing price in Owatonna is approximately $245,000.