What is the median household income in Coleraine, MN?
The median household income in Coleraine, MN is $74,716 (±$8,295) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,167 a month would take about $46,700 a year at the common guideline of spending no more than 30% of income on rent.
In Coleraine, the median household income went from $45,885 in 2015–2019 to $74,716 in 2020–2024 (+62.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $74,716 (±$8,295)
- Income to afford median rent
- about $46,700
Income in Coleraine against Itasca County, its state and the nation
| Coleraine | Itasca County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $74,716 (±$8,295) | $68,603 (±$4,097) | $89,062 (±$409) | $80,734 |
| Median renter household income | — | $35,853 (±$4,155) | $51,080 (±$531) | $52,966 |
| Median owner household income | $76,705 (±$7,630) | $76,116 (±$3,554) | $108,214 (±$476) | $100,009 |
| Median gross rent | $1,167 (±$524) | $988 (±$48) | $1,280 (±$7) | $1,413 |
In Coleraine, median household income is not measurably different from Itasca County ($68,603).
It is also lower than in Minnesota ($89,062).
It is not measurably different from the national figure ($80,734).
In Itasca County, Coleraine ranks 16 of 50 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1650 of 2,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Coleraine
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,167 a month ($14,004 a year) needs an income of about $46,700 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $45,885 (±$10,341) | $74,716 (±$8,295) | +62.8% | Up after inflation |
| Median gross rent | $715 (±$26) | $1,167 (±$524) | +63.2% | No measurable change after inflation |
| Median home value | $138,600 (±$13,109) | $211,800 (±$16,057) | +52.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Coleraine
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Coleraine | — | $74,716 (±$8,295) | — |
| La Prairie | 2.6 mi | $69,375 (±$12,826) | Not measurably different |
| Bovey | 3.6 mi | $64,083 (±$6,650) | Lower |
| Trout Lake Township | 3.6 mi | $71,136 (±$12,117) | Not measurably different |
| Grand Rapids | 3.9 mi | $61,029 (±$8,215) | Lower |
| Arbo Township | 4.7 mi | $70,893 (±$18,046) | Not measurably different |
| Taconite | 5.3 mi | $84,375 (±$39,790) | Not measurably different |
| Harris Township | 7.5 mi | $79,243 (±$14,085) | Not measurably different |
| Blackberry Township | 7.8 mi | $71,406 (±$12,960) | Not measurably different |
Nearby places with a measurably lower figure: Bovey, MN ($64,083), Grand Rapids, MN ($61,029).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Itasca County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Balsam Township (Itasca County) | $82,292 (±$18,952) |
| 11 | Harris Township | $79,243 (±$14,085) |
| 12 | Bigfork Township | $79,107 (±$4,607) |
| 13 | Morse Township (Itasca County) | $79,063 (±$14,451) |
| 14 | Wawina Township | $78,000 (±$34,639) |
| 15 | Sand Lake Township | $77,500 (±$22,946) |
| 16 | Coleraine | $74,716 (±$8,295) |
| 17 | Oteneagen Township | $74,688 (±$27,446) |
| 18 (tie) | Bearville Township | $72,083 (±$14,781) |
| 18 (tie) | Bowstring Township | $72,083 (±$15,109) |
| 20 | Blackberry Township | $71,406 (±$12,960) |
| 21 | Lawrence Township (Itasca County) | $71,250 (±$37,608) |
| 22 | Trout Lake Township | $71,136 (±$12,117) |
Showing 13 of 50 places in Itasca County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Coleraine
What is the median household income in Coleraine?
The median household income in Coleraine is $74,716 (±$8,295) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Coleraine?
About $46,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,167 a month.
Have incomes in Coleraine kept up with inflation?
In Coleraine, the median household income went from $45,885 in 2015–2019 to $74,716 in 2020–2024 (+62.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Coleraine city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Coleraine city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Coleraine city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Coleraine city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Coleraine city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Coleraine city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Coleraine city, Minnesota (place:12502, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Coleraine
- How long people stay in Coleraine
- Minnesota landlord and tenant rules
- Housing across Itasca County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota