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Paynesville, Minnesota Demographics & Population 2026

Very AffordableHome value to income ratio of 2.4x is exceptionally low

During the 2020–2024 ACS period, Paynesville, Minnesota had a total population of 2,519, the 235th largest city in Minnesota, with a median household income of $75,250, which is 16% lower than the state average. The poverty rate is 5.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Paynesville Quick Facts

Population 2,519
Median Household Income $75,250
Median Home Value $178,200
Poverty Rate 5.6%
Unemployment Rate 2.4%
Median Age 36.1 years
Homeownership Rate 68.6%
Affordability Ratio 2.4x
Bachelor's Degree or Higher 27.2%
High School Graduation Rate 93.7%
Diversity Index 22/100
Population 2,519 235th of 914
Median Income $75,250 above average
Poverty Rate 5.6% 55% lower than national
Median Home Value $178,200 average

How Paynesville Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,4762,519+1.7%
Median household income$72,105$75,250+4.4%
Median home value$168,800$178,200+5.6%

How Paynesville Compares

Economy & Housing

Household Income Distribution

Under $25K 12.9%
$25K-$50K 20.9%
$50K-$100K 38.5%
$100K+ 27.7%
Detailed income brackets
Under $10K
3.3%
$10K-$15K
3.4%
$15K-$20K
3.1%
$20K-$25K
3.0%
$25K-$30K
5.5%
$30K-$35K
3.4%
$35K-$40K
7.0%
$40K-$45K
5.0%
$45K-$50K
0.0%
$50K-$60K
6.9%
$60K-$75K
9.2%
$75K-$100K
22.4%
$100K-$125K
13.3%
$125K-$150K
7.1%
$150K-$200K
5.3%
$200K+
2.0%

Employment

2.4% Unemployment Rate State: 4.1%|National: 5.2%
62.0% Labor Force Participation

Housing Overview

Owner 68.6%
Renter 31.4%
Affordability Index Very Affordable
2.4x home value to income ratio
Median gross rent $815/mo 13.0% of median household income annually

People & Demographics

Diversity Index

22out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Paynesville Rankings in Minnesota

#235 Population of 914
#357 Median Income of 887
#278 Education of 914
#433 Home Value of 870

Other Cities in Stearns County

CityPopulationMedian IncomePovertyHome Value
St. Cloud 70,629 $61,374 20.2% $225,000
Sartell 19,758 $84,131 7.4% $297,300
Waite Park 8,399 $59,285 21.2% $219,400
St. Joseph 7,021 $74,946 19.1% $237,700
Sauk Centre 4,621 $62,628 19.5% $225,700
Cold Spring 4,249 $72,228 9.8% $280,400
Melrose 3,671 $59,677 8.5% $207,200
St. Augusta 3,625 $140,227 0.0% $388,400
Albany 2,821 $69,167 10.8% $238,500
Rockville 2,452 $105,329 4.3% $365,800

Cities Similar to Paynesville

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Crosslake2,521$79,635$473,70030.4%8.6%
Le Center2,513$80,673$209,60017.9%5.0%
Janesville2,378$74,643$206,80021.8%3.8%
Lauderdale2,388$78,684$283,30071.9%7.3%
Lake Crystal2,606$83,317$204,40027.6%7.8%

Population Overview

Paynesville is a small community located in Minnesota, within Stearns County. The total population is 2,519. It ranks as the 235th most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Paynesville is 36.1 years. This is 7% lower than the state median of 38.8 years. 15.0% 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 Paynesville is $75,250. This is 16% lower than the state median of $89,062. It is also 7% lower than the national median of $80,734. The poverty rate stands at 5.6%. This is 40% lower than the state poverty rate of 9.3%. The unemployment rate is 2.4%. This is 41% lower than the state rate of 4.1%. The median home value is $178,200. Housing costs are 46% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.4x, Paynesville is one of the most affordable housing markets in the area. 68.6% of occupied housing units are owner-occupied. This homeownership rate is 5% lower than the state average of 72.2%.

Race & Ethnicity

Paynesville has a predominantly White (non-Hispanic) population, comprising 88.2% of all residents. Hispanic or Latino residents account for 7.0%. The Black or African American population (0.3%) is well below the state average of 7.0%. The Asian population (0.8%) is well below the state average of 5.1%.

Education

27.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 31% 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 93.7%.

Data Sources & Methodology

All demographic data for Paynesville, 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 Paynesville, Minnesota?

Paynesville, Minnesota has a population of 2,519 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Paynesville, MN?

The median household income in Paynesville is $75,250, which is 7% lower than the national median of $80,734.

What is the poverty rate in Paynesville, MN?

The poverty rate in Paynesville is 5.6%. This means approximately 138 residents live below the federal poverty line.

What is the racial makeup of Paynesville, Minnesota?

Paynesville's population is 88.2% White, 0.3% Black, 7.0% Hispanic/Latino, and 0.8% Asian.

What is the median home value in Paynesville, MN?

The median home value in Paynesville is $178,200. The home-value-to-income ratio is 2.4x.

How educated is Paynesville, Minnesota?

27.2% of adults (25+) in Paynesville hold a bachelor's degree or higher, and 7.5% hold a graduate or professional degree.