MinneapolisMinnesota

Minneapolis Population Demographics

According to US population projections for 2022, the estimated population of Minneapolis is 425,338. 22.05% is under 18, while 10.93% is over 65.

A closer look at the age demography reveals that 5.30% of the population was five years old or younger, 22.05% were 18 years or younger and 20.85% were aged 65 years and over. The gender split in the state was nearly even, with 49.12% female and 50.88% male.

Minneapolis Housing

According to the US Census, Minneapolis has 203,633 housing units. The average owner-occupied housing unit rate in Minneapolis was 92.66%. At the same time, the city's median value of owner-occupied homes was $319,100

Minneapolis Racial Demographics

In 2020, the US Census estimated that White Alone and Black Or African American Alone constitute 78.55% of Minneapolis's population. Residents of the city who were Some Other Race Alone, made up 5.86% of the total population.

Other racial groups include Asian Alone, constituting 5.80% of the city's population and American Indian And Alaska Native Alone at 1.73%

How Educated is Minneapolis

According to Census estimates, in 2021, 33.3% of Minneapolis residents had a bachelor's degree, while 20.2% had a graduate or professional degree.

Overall, 53.50% of residents have a bachelor's degree or higher.

Average Income in Minneapolis

The median household income in Minneapolis is $69,397. This figure is significantly (approximately 0.00%) less than the state average of $69,397.

Estimates by family type revealed that families earned an average of $102,959 per year, while married-couple families earned an average of $125,085.

A closer examination of the income groups of Minneapolis households revealed that the largest income group consisted of households with an annual income between $50,000 and $74,999. Other groups with yearly high household incomes include those between $100,000 and $149,999 (16.5%) and those with incomes exceeding $200,000 (9.3%). 6.3% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family