Excelsior, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Excelsior, Minnesota had a total population of 2,570, the 232nd largest city in Minnesota, with a median household income of $103,068, which is 16% higher than the state average. The poverty rate is 10.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- 58.2% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Housing affordability is a challenge — homes cost 8.8x the median household income.
Excelsior Quick Facts
How Excelsior Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,359 | 2,570 | +8.9% |
| Median household income | $108,611 | $103,068 | -5.1% |
| Median home value | $839,500 | $909,200 | +8.3% |
How Excelsior Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Excelsior Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis | 427,246 | $80,846 | 16.0% | $362,200 |
| Bloomington | 88,665 | $93,211 | 9.2% | $361,700 |
| Brooklyn Park | 83,876 | $89,891 | 9.5% | $336,200 |
| Plymouth | 79,220 | $136,534 | 4.3% | $491,200 |
| Maple Grove | 71,173 | $132,731 | 4.0% | $418,300 |
| Eden Prairie | 63,051 | $130,489 | 4.6% | $473,900 |
| Edina | 53,262 | $128,767 | 4.7% | $646,300 |
| Minnetonka | 53,064 | $119,517 | 5.9% | $475,800 |
| St. Louis Park | 49,594 | $101,648 | 6.9% | $386,800 |
| Richfield | 36,642 | $85,132 | 8.2% | $344,000 |
Cities Similar to Excelsior
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Chatfield | 2,559 | $96,078 | $241,600 | 32.1% | 5.3% |
| Rockville | 2,452 | $105,329 | $365,800 | 30.9% | 4.3% |
| Barnesville | 2,762 | $97,917 | $248,700 | 30.6% | 1.8% |
| Cohasset | 2,703 | $92,692 | $330,500 | 34.3% | 6.4% |
| Mayer | 2,518 | $124,917 | $342,700 | 36.4% | 4.9% |
Population Overview
Excelsior is a small community located in Minnesota, within Hennepin County. The total population is 2,570. It ranks as the 232nd most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Excelsior is 47.1 years. This is 21% higher than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Excelsior is $103,068. This is 16% higher than the state median of $89,062. It is also 28% higher than the national median of $80,734. The poverty rate stands at 10.0%. This is 8% higher than the state poverty rate of 9.3%. The survey records no unemployed residents in Excelsior, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $909,200. Housing costs are 176% higher than the state median of $329,300. The home-value-to-income ratio of 8.8x suggests that housing affordability is a significant concern for many residents. 48.4% of occupied housing units are owner-occupied. This homeownership rate is 33% lower than the state average of 72.2%.
Race & Ethnicity
Excelsior has a predominantly White (non-Hispanic) population, comprising 91.8% of all residents. Hispanic or Latino residents account for 3.9%. The Black or African American population (0.6%) is well below the state average of 7.0%.
Education
58.2% of residents aged 25 and older hold a bachelor's degree or higher. This places Excelsior in the top 10% of all cities in the state for educational attainment. This is 48% higher than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 100.0%. Notably, 15.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Excelsior, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Excelsior, Minnesota?
Excelsior, Minnesota has a population of 2,570 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Excelsior, MN?
The median household income in Excelsior is $103,068, which is 28% higher than the national median of $80,734.
What is the poverty rate in Excelsior, MN?
The poverty rate in Excelsior is 10.0%. This means approximately 246 residents live below the federal poverty line.
What is the racial makeup of Excelsior, Minnesota?
Excelsior's population is 91.8% White, 0.6% Black, 3.9% Hispanic/Latino, and 2.9% Asian.
What is the median home value in Excelsior, MN?
The median home value in Excelsior is $909,200. The home-value-to-income ratio is 8.8x.
How educated is Excelsior, Minnesota?
58.2% of adults (25+) in Excelsior hold a bachelor's degree or higher, and 15.2% hold a graduate or professional degree.