Minneapolis, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Minneapolis, Minnesota had a total population of 427,246, the 1st largest city in Minnesota, with a median household income of $80,846, which is 9% lower than the state average. The poverty rate is 16.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Minneapolis is the 1st largest city in Minnesota with a population of 427,246.
- 55.5% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
Minneapolis Quick Facts
How Minneapolis 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 | 426,845 | 427,246 | +0.1% |
| Median household income | $80,269 | $80,846 | +0.7% |
| Median home value | $345,600 | $362,200 | +4.8% |
How Minneapolis 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 diverse community with significant representation from multiple racial and ethnic groups.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Minneapolis Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| 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 |
| Brooklyn Center | 32,479 | $72,535 | 12.3% | $274,300 |
Cities Similar to Minneapolis
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| St. Paul | 307,284 | $73,394 | $294,500 | 43.8% | 15.6% |
| Rochester | 122,330 | $89,389 | $310,500 | 50.9% | 8.5% |
| Bloomington | 88,665 | $93,211 | $361,700 | 46.2% | 9.2% |
| Duluth | 87,093 | $68,807 | $242,700 | 44.0% | 16.8% |
| Brooklyn Park | 83,876 | $89,891 | $336,200 | 32.7% | 9.5% |
Population Overview
Minneapolis is a major urban center located in Minnesota, within Hennepin County. The total population is 427,246. It ranks as the 1st most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Minneapolis is 33.4 years. This is 14% lower than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Minneapolis is $80,846. This is 9% lower than the state median of $89,062. It is also about the same as the national median of $80,734. The poverty rate stands at 16.0%. This is 72% higher than the state poverty rate of 9.3%. The unemployment rate is 5.9%. This is 47% higher than the state rate of 4.1%. The median home value is $362,200. Housing costs are 10% higher than the state median of $329,300. The home-value-to-income ratio is 4.5x. 47.7% of occupied housing units are owner-occupied. This homeownership rate is 34% lower than the state average of 72.2%.
Race & Ethnicity
The largest racial or ethnic group in Minneapolis is White (non-Hispanic), making up 58.8% of the population. Black or African American residents account for 18.6%. The Black or African American population is significantly higher than the state average (18.6% vs 7.0%). The Hispanic or Latino population is significantly higher than the state average (10.1% vs 6.4%).
Education
55.5% of residents aged 25 and older hold a bachelor's degree or higher. This places Minneapolis in the top 10% of all cities in the state for educational attainment. This is 41% 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 91.5%. Notably, 22.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Minneapolis, 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 Minneapolis, Minnesota?
Minneapolis, Minnesota has a population of 427,246 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Minneapolis, MN?
The median household income in Minneapolis is $80,846, which is about the same as the national median of $80,734.
What is the poverty rate in Minneapolis, MN?
The poverty rate in Minneapolis is 16.0%. This means approximately 65,625 residents live below the federal poverty line.
What is the racial makeup of Minneapolis, Minnesota?
Minneapolis's population is 58.8% White, 18.6% Black, 10.1% Hispanic/Latino, and 5.3% Asian.
What is the median home value in Minneapolis, MN?
The median home value in Minneapolis is $362,200. The home-value-to-income ratio is 4.5x.
How educated is Minneapolis, Minnesota?
55.5% of adults (25+) in Minneapolis hold a bachelor's degree or higher, and 22.2% hold a graduate or professional degree.