What is the median household income in Grand Meadow, MN?
The median household income in Grand Meadow, MN is $72,125 (±$7,077) a year (2020–2024 American Community Survey).
Paying the median gross rent of $644 a month would take about $25,800 a year at the common guideline of spending no more than 30% of income on rent.
In Grand Meadow, the median household income went from $60,900 in 2015–2019 to $72,125 in 2020–2024 (+18.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $72,125 (±$7,077)
- Median renter income
- $34,375 (±$18,166)
- Income to afford median rent
- about $25,800
Income in Grand Meadow against Mower County, its state and the nation
| Grand Meadow | Mower County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $72,125 (±$7,077) | $73,074 (±$2,698) | $89,062 (±$409) | $80,734 |
| Median renter household income | $34,375 (±$18,166) | $42,962 (±$6,841) | $51,080 (±$531) | $52,966 |
| Median owner household income | $78,421 (±$9,635) | $87,731 (±$4,172) | $108,214 (±$476) | $100,009 |
| Median gross rent | $644 (±$511) | $927 (±$64) | $1,280 (±$7) | $1,413 |
In Grand Meadow, median household income is not measurably different from Mower County ($73,074).
It is also lower than in Minnesota ($89,062).
It is lower than the national figure ($80,734).
In Mower County, Grand Meadow ranks 26 of 34 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1743 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 Grand Meadow
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 $644 a month ($7,728 a year) needs an income of about $25,800 a year.
The median renting household in Grand Meadow earns $34,375 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 | $60,900 (±$3,291) | $72,125 (±$7,077) | +18.4% | No measurable change after inflation |
| Median gross rent | $681 (±$27) | $644 (±$511) | −5.4% | No measurable change after inflation |
| Median home value | $112,100 (±$7,421) | $188,000 (±$15,843) | +67.7% | 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 Grand Meadow
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Grand Meadow | — | $72,125 (±$7,077) | — |
| Grand Meadow Township | 3.1 mi | $106,667 (±$29,667) | Higher |
| Frankford Township | 3.5 mi | $121,250 (±$20,326) | Higher |
| Clayton Township | 6.0 mi | $80,114 (±$28,973) | Not measurably different |
| Bennington Township | 6.0 mi | $114,375 (±$33,418) | Higher |
| Racine | 6.5 mi | $97,788 (±$6,892) | Higher |
| Racine Township | 6.6 mi | $128,529 (±$11,183) | Higher |
| Dexter | 6.6 mi | $93,750 (±$29,974) | Not measurably different |
| Pleasant Valley Township | 7.0 mi | $114,583 (±$20,178) | Higher |
Nearby places with a measurably higher figure: Grand Meadow Township, MN ($106,667), Frankford Township, MN ($121,250), Bennington Township, MN ($114,375).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Mower County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 20 | Lansing Township | $82,115 (±$17,234) |
| 21 | Rose Creek | $81,875 (±$25,497) |
| 22 | Clayton Township | $80,114 (±$28,973) |
| 23 | Brownsdale | $77,614 (±$31,272) |
| 24 | Nevada Township | $75,625 (±$12,353) |
| 25 | Taopi | $73,750 (±$33,423) |
| 26 | Grand Meadow | $72,125 (±$7,077) |
| 27 (tie) | Sargeant | $71,250 (±$46,318) |
| 27 (tie) | Le Roy Township | $71,250 (±$22,637) |
| 29 | Waltham | $69,167 (±$22,386) |
| 30 | Austin | $68,057 (±$5,458) |
| 31 | Lyle | $58,269 (±$7,235) |
| 32 | Le Roy | $54,485 (±$10,280) |
Showing 13 of 34 places in Mower 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 Grand Meadow
What is the median household income in Grand Meadow?
The median household income in Grand Meadow is $72,125 (±$7,077) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Grand Meadow?
About $25,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $644 a month.
Have incomes in Grand Meadow kept up with inflation?
In Grand Meadow, the median household income went from $60,900 in 2015–2019 to $72,125 in 2020–2024 (+18.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Grand Meadow?
The median renting household in Grand Meadow, MN earns $34,375 (±$18,166) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Grand Meadow city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Grand Meadow city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Grand Meadow city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Grand Meadow city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Grand Meadow city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Grand Meadow 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 Grand Meadow city, Minnesota (place:25010, 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
- Housing in Grand Meadow at a glance
- Renters and owners in Grand Meadow
- Home values in Grand Meadow
- Homeowner costs in Grand Meadow
- Property taxes in Grand Meadow
- Types of homes in Grand Meadow
- Bedrooms in Grand Meadow
- Age of homes in Grand Meadow
- Heating fuel in Grand Meadow
- Commute and cars in Grand Meadow
- Population growth in Grand Meadow
- How long people stay in Grand Meadow
- Minnesota landlord and tenant rules
- Housing across Mower County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota