Loretto, Minnesota Demographics & Population 2026

A note before these figures: with a population of 784, Loretto's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Loretto is a small community located in Minnesota, within Hennepin County. The total population is 784. It ranks as the 404th most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Loretto is 37.0 years. This is 5% lower than the state median of 38.8 years. With 28.4% of the population under 18, Loretto has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Loretto is $114,167. This is 28% higher than the state median of $89,062. It is also 41% higher than the national median of $80,734. The poverty rate stands at 7.4%. This is 20% lower than the state poverty rate of 9.3%. The unemployment rate is 1.4%. This is 67% lower than the state rate of 4.1%. The median home value is $361,500. Housing costs are 10% higher than the state median of $329,300. The home-value-to-income ratio is 3.2x. 83.8% of occupied housing units are owner-occupied. This homeownership rate is 16% higher than the state average of 72.2%.

Race & Ethnicity

Loretto has a predominantly White (non-Hispanic) population, comprising 93.9% of all residents. Black or African American residents account for 4.5%. The Hispanic or Latino population (1.1%) is well below the state average of 6.4%. The Asian population (0.1%) is well below the state average of 5.1%.

Education

45.4% of residents aged 25 and older hold a bachelor's degree or higher. This places Loretto in the top 10% of all cities in the state for educational attainment. This is 15% 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 94.6%.

Data Sources & Methodology

All demographic data for Loretto, 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.