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Minneapolis city, Minnesota Demographics & Population 2026

Largest CityThe most populous city in Minnesota

As of 2026, Minneapolis city, Minnesota has a total population of 426,845, the 1st largest city in Minnesota, with a median household income of $80,269, which is 8% lower than the state average. The poverty rate is 16.4%.

Key Takeaways

Minneapolis city Quick Facts

Population 426,845
Median Household Income $80,269
Median Home Value $345,600
Poverty Rate 16.4%
Unemployment Rate 5.7%
Median Age 33.0 years
Homeownership Rate 48.0%
Affordability Ratio 4.3x
Bachelor's Degree or Higher 54.4%
High School Graduation Rate 91.1%
Diversity Index 59/100
Population 426,845 1st of 913
Median Income $80,269 above average
Poverty Rate 16.4% 32% higher national
Median Home Value $345,600 top 20%

How Minneapolis city Compares

Economy & Housing

Employment

5.7% Unemployment Rate State: 3.9% | National: 5.2%
73.5% Labor Force Participation

Housing Overview

Owner 48.0%
Renter 52.0%
Affordability Index Moderate
4.3x home value to income ratio

People & Demographics

Diversity Index

59out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 40 | National average: 60

Education

Minneapolis city Rankings in Minnesota

#1 Population of 913
#286 Median Income of 913
#46 Education of 913
#103 Home Value of 913

Other Cities in Hennepin County

CityPopulationMedian IncomePovertyHome Value
Bloomington city 88,838 $90,677 9.1% $346,200
Brooklyn Park city 84,349 $85,964 10.3% $313,500
Plymouth city 79,526 $133,865 4.1% $474,700
Maple Grove city 70,539 $129,481 3.9% $397,400
Eden Prairie city 63,249 $127,732 6.0% $463,300
Minnetonka city 53,256 $120,496 4.8% $456,200
Edina city 53,125 $129,225 4.4% $624,000
St. Louis Park city 49,541 $100,250 7.3% $371,600
Richfield city 36,725 $84,055 7.3% $320,400
Brooklyn Center city 32,811 $72,009 11.5% $261,100

Cities Similar to Minneapolis city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
St. Paul city307,762$73,055$280,30043.5%15.8%
Rochester city121,638$87,767$287,50050.1%9.0%
Bloomington city88,838$90,677$346,20045.3%9.1%
Brooklyn Park city84,349$85,964$313,50031.7%10.3%
Duluth city86,863$66,263$225,70042.3%17.2%

Population Overview

Minneapolis city is a major urban center located in Minnesota, within Hennepin County. The total population is 426,845. It ranks as the 1st most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Minneapolis city is 33.0 years. This is 15% lower than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Minneapolis city is $80,269. This is 8% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 2% higher. The poverty rate stands at 16.4%. This is 78% higher than the state poverty rate of 9.2%. The unemployment rate is 5.7%. This is 44% higher than the state rate of 3.9%. The median home value is $345,600. Housing costs are 13% higher than the state median of $305,500. The home-value-to-income ratio is 4.3x. 48.0% of occupied housing units are owner-occupied. This homeownership rate is 34% lower than the state average of 72.4%.

Race & Ethnicity

The largest racial or ethnic group in Minneapolis city is White (non-Hispanic), making up 59.6% of the population. Black or African American residents account for 18.1%. The Black or African American population is significantly higher than the state average (18.1% vs 6.7%). The Hispanic or Latino population is significantly higher than the state average (10.5% vs 6.2%).

Education

54.4% of residents aged 25 and older hold a bachelor's degree or higher. This places Minneapolis city in the top 10% of all cities in the state for educational attainment. This is 40% higher than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.1%. Notably, 21.7% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Minneapolis city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Minneapolis city, Minnesota?

Minneapolis city, Minnesota has a population of 426,845 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Minneapolis city, MN?

The median household income in Minneapolis city is $80,269, which is 2% higher the national median of $78,538.

What is the poverty rate in Minneapolis city, MN?

The poverty rate in Minneapolis city is 16.4%. This means approximately 67,226 residents live below the federal poverty line.

What is the racial makeup of Minneapolis city, Minnesota?

Minneapolis city's population is 59.6% White, 18.1% Black, 10.5% Hispanic/Latino, and 5.2% Asian.

What is the median home value in Minneapolis city, MN?

The median home value in Minneapolis city is $345,600. The home-value-to-income ratio is 4.3x.

How educated is Minneapolis city, Minnesota?

54.4% of adults (25+) in Minneapolis city hold a bachelor's degree or higher, and 21.7% hold a graduate or professional degree.