Peterson city, Minnesota Demographics & Population 2026
As of 2026, Peterson city, Minnesota has a total population of 256, the 639th largest city in Minnesota, with a median household income of $66,250, which is 24% lower than the state average. The poverty rate is 16.8%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 1.7x.
- Near full employment with an unemployment rate of just 0.8%.
Peterson city Quick Facts
How Peterson city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
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: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Peterson city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Fillmore County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Spring Valley city | 2,357 | $64,500 | 12.0% | $149,100 |
| Rushford city | 1,790 | $73,321 | 8.9% | $203,200 |
| Preston city | 1,315 | $60,438 | 13.5% | $169,600 |
| Harmony city | 1,089 | $65,536 | 9.1% | $154,800 |
| Mabel city | 832 | $67,500 | 5.7% | $124,600 |
| Lanesboro city | 804 | $80,000 | 8.8% | $186,900 |
| Rushford Village city | 726 | $92,500 | 5.4% | $286,800 |
| Fountain city | 490 | $72,750 | 5.9% | $177,100 |
| Canton city | 409 | $50,556 | 19.6% | $88,400 |
| Wykoff city | 356 | $66,375 | 13.1% | $127,800 |
Cities Similar to Peterson city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Dalton city | 266 | $66,094 | $104,500 | 7.5% | 3.8% |
| Lewisville city | 254 | $61,500 | $55,500 | 5.8% | 3.5% |
| Lake George CDP | 245 | $68,500 | $222,500 | 25.4% | 7.8% |
| Beaver Creek city | 248 | $70,625 | $187,500 | 20.7% | 7.3% |
| Grygla city | 271 | $64,583 | $68,600 | 6.6% | 7.7% |
Population Overview
Peterson city is a small community located in Minnesota, within Fillmore County. The total population is 256. It ranks as the 639th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Peterson city is 31.5 years. This is 18% lower than the state median of 38.6 years. 10.2% 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 Peterson city is $66,250. This is 24% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 16% lower. The poverty rate stands at 16.8%. This is 83% higher than the state poverty rate of 9.2%. The unemployment rate is 0.8%. This is 80% lower than the state rate of 3.9%. The median home value is $112,500. Housing costs are 63% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.7x, Peterson city is one of the most affordable housing markets in the area. 91.8% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 72.4%.
Race & Ethnicity
Peterson city has a predominantly White (non-Hispanic) population, comprising 92.6% of all residents. Hispanic or Latino residents account for 2.7%. The Hispanic or Latino population (2.7%) is well below the state average of 6.2%. The Asian population (0.8%) is well below the state average of 5.0%.
Education
12.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 67% lower 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 95.9%.
Data Sources & Methodology
All demographic data for Peterson 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 Peterson city, Minnesota?
Peterson city, Minnesota has a population of 256 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Peterson city, MN?
The median household income in Peterson city is $66,250, which is 16% lower the national median of $78,538.
What is the poverty rate in Peterson city, MN?
The poverty rate in Peterson city is 16.8%. This means approximately 43 residents live below the federal poverty line.
What is the racial makeup of Peterson city, Minnesota?
Peterson city's population is 92.6% White, 0.0% Black, 2.7% Hispanic/Latino, and 0.8% Asian.
What is the median home value in Peterson city, MN?
The median home value in Peterson city is $112,500. The home-value-to-income ratio is 1.7x.
How educated is Peterson city, Minnesota?
12.9% of adults (25+) in Peterson city hold a bachelor's degree or higher, and 7.5% hold a graduate or professional degree.