What is the median household income in Grand Rapids, MN?
The median household income in Grand Rapids, MN is $61,029 (±$8,215) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,090 a month would take about $43,600 a year at the common guideline of spending no more than 30% of income on rent.
In Grand Rapids, the median household income went from $48,287 in 2015–2019 to $61,029 in 2020–2024 (+26.4%).
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
- $61,029 (±$8,215)
- Median renter income
- $36,058 (±$5,323)
- Income to afford median rent
- about $43,600
Income in Grand Rapids against Itasca County, its state and the nation
| Grand Rapids | Itasca County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $61,029 (±$8,215) | $68,603 (±$4,097) | $89,062 (±$409) | $80,734 |
| Median renter household income | $36,058 (±$5,323) | $35,853 (±$4,155) | $51,080 (±$531) | $52,966 |
| Median owner household income | $80,125 (±$6,364) | $76,116 (±$3,554) | $108,214 (±$476) | $100,009 |
| Median gross rent | $1,090 (±$73) | $988 (±$48) | $1,280 (±$7) | $1,413 |
In Grand Rapids, median household income is not measurably different from Itasca County ($68,603).
It is also lower than in Minnesota ($89,062).
It is lower than the national figure ($80,734).
In Itasca County, Grand Rapids ranks 35 of 50 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 2157 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 Rapids
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 $1,090 a month ($13,080 a year) needs an income of about $43,600 a year.
The median renting household in Grand Rapids earns $36,058 a year, less than that.
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 | $48,287 (±$2,926) | $61,029 (±$8,215) | +26.4% | No measurable change after inflation |
| Median gross rent | $670 (±$29) | $1,090 (±$73) | +62.7% | Up after inflation |
| Median home value | $151,300 (±$9,512) | $213,800 (±$14,438) | +41.3% | 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 Rapids
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Grand Rapids | — | $61,029 (±$8,215) | — |
| La Prairie | 2.0 mi | $69,375 (±$12,826) | Not measurably different |
| Coleraine | 3.9 mi | $74,716 (±$8,295) | Higher |
| Harris Township | 5.5 mi | $79,243 (±$14,085) | Higher |
| Arbo Township | 5.8 mi | $70,893 (±$18,046) | Not measurably different |
| Cohasset | 6.2 mi | $92,692 (±$14,031) | Higher |
| Trout Lake Township | 7.0 mi | $71,136 (±$12,117) | Not measurably different |
| Bovey | 7.3 mi | $64,083 (±$6,650) | Not measurably different |
| Blackberry Township | 8.9 mi | $71,406 (±$12,960) | Not measurably different |
Nearby places with a measurably higher figure: Coleraine, MN ($74,716), Harris Township, MN ($79,243), Cohasset, MN ($92,692).
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 |
|---|---|---|
| 29 | Marcell Township | $65,500 (±$15,491) |
| 30 (tie) | Wildwood Township | $65,000 (±$18,178) |
| 30 (tie) | Wirt Township | $65,000 (±$10,361) |
| 32 | Spang Township | $64,167 (±$12,356) |
| 33 | Bovey | $64,083 (±$6,650) |
| 34 | Goodland Township | $63,958 (±$15,882) |
| 35 | Grand Rapids | $61,029 (±$8,215) |
| 36 | Nashwauk Township | $60,192 (±$13,330) |
| 37 | Squaw Lake | $60,000 (±$20,880) |
| 38 | Warba | $59,688 (±$11,763) |
| 39 (tie) | Alvwood Township | $59,375 (±$17,553) |
| 39 (tie) | Sago Township | $59,375 (±$6,737) |
| 41 | Good Hope Township (Itasca County) | $56,250 (±$31,494) |
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 Grand Rapids
What is the median household income in Grand Rapids?
The median household income in Grand Rapids is $61,029 (±$8,215) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Grand Rapids?
About $43,600 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,090 a month.
Have incomes in Grand Rapids kept up with inflation?
In Grand Rapids, the median household income went from $48,287 in 2015–2019 to $61,029 in 2020–2024 (+26.4%).
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 Rapids?
The median renting household in Grand Rapids, MN earns $36,058 (±$5,323) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Grand Rapids city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Grand Rapids city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Grand Rapids city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Grand Rapids city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Grand Rapids city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Grand Rapids 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 Rapids city, Minnesota (place:25118, 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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- Minnesota landlord and tenant rules
- Housing across Itasca County
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- Housing data for every place in Minnesota