Montevideo, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Montevideo, Minnesota had a total population of 5,315, the 143rd largest city in Minnesota, with a median household income of $68,596, which is 23% lower than the state average. The poverty rate is 19.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.1x.
- Near full employment with an unemployment rate of just 2.3%.
Montevideo Quick Facts
How Montevideo 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 | 5,303 | 5,315 | +0.2% |
| Median household income | $65,724 | $68,596 | +4.4% |
| Median home value | $137,600 | $141,000 | +2.5% |
How Montevideo 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+)
Montevideo Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Chippewa County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Granite Falls | 2,685 | $59,375 | 7.6% | $136,700 |
| Clara City | 1,466 | $63,636 | 7.3% | $114,300 |
| Milan | 564 | $53,594 | 28.2% | $71,400 |
| Maynard | 234 | $41,563 | 12.4% | $80,000 |
| Watson | 200 | $34,722 | 33.0% | $68,400 |
Cities Similar to Montevideo
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Morris | 5,128 | $67,727 | $209,600 | 37.3% | 15.9% |
| Princeton | 5,274 | $62,219 | $218,700 | 13.6% | 8.5% |
| Lake City | 5,034 | $72,244 | $238,700 | 28.4% | 5.9% |
| Glencoe | 5,695 | $71,356 | $227,900 | 10.4% | 9.2% |
| Redwood Falls | 5,068 | $61,750 | $162,100 | 24.3% | 17.2% |
Population Overview
Montevideo is a small city located in Minnesota, within Chippewa County. The total population is 5,315. It ranks as the 143rd most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Montevideo is 41.9 years. This is 8% higher than the state median of 38.8 years. 13.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Montevideo is $68,596. This is 23% lower than the state median of $89,062. It is also 15% lower than the national median of $80,734. The poverty rate stands at 19.6%. This is 111% higher than the state poverty rate of 9.3%. The unemployment rate is 2.3%. This is 42% lower than the state rate of 4.1%. The median home value is $141,000. Housing costs are 57% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.1x, Montevideo is one of the most affordable housing markets in the area. 65.2% of occupied housing units are owner-occupied. This homeownership rate is 10% lower than the state average of 72.2%.
Race & Ethnicity
The largest racial or ethnic group in Montevideo is White (non-Hispanic), making up 80.0% of the population. Hispanic or Latino residents account for 13.8%. The Black or African American population (0.9%) is well below the state average of 7.0%. The Hispanic or Latino population is significantly higher than the state average (13.8% vs 6.4%). The Asian population (2.4%) is well below the state average of 5.1%.
Education
19.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 52% lower 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 90.9%.
Data Sources & Methodology
All demographic data for Montevideo, 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 Montevideo, Minnesota?
Montevideo, Minnesota has a population of 5,315 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Montevideo, MN?
The median household income in Montevideo is $68,596, which is 15% lower than the national median of $80,734.
What is the poverty rate in Montevideo, MN?
The poverty rate in Montevideo is 19.6%. This means approximately 1,013 residents live below the federal poverty line.
What is the racial makeup of Montevideo, Minnesota?
Montevideo's population is 80.0% White, 0.9% Black, 13.8% Hispanic/Latino, and 2.4% Asian.
What is the median home value in Montevideo, MN?
The median home value in Montevideo is $141,000. The home-value-to-income ratio is 2.1x.
How educated is Montevideo, Minnesota?
19.0% of adults (25+) in Montevideo hold a bachelor's degree or higher, and 5.9% hold a graduate or professional degree.