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Randolph, Minnesota Demographics & Population 2026

During the 2020–2024 ACS period, Randolph, Minnesota had a total population of 461, the 521st largest city in Minnesota, with a median household income of $104,286, which is 17% higher than the state average. The poverty rate is 4.8%.

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

Key Takeaways

Randolph Quick Facts

Population 461
Median Household Income $104,286
Median Home Value $291,000
Poverty Rate 4.8%
Unemployment Rate 8.6%
Median Age 40.5 years
Homeownership Rate 79.2%
Affordability Ratio 2.8x
Bachelor's Degree or Higher 24.5%
High School Graduation Rate 95.9%
Diversity Index 4/100
Population 461 521st of 914
Median Income $104,286 top 20%
Poverty Rate 4.8% 62% lower than national
Median Home Value $291,000 top 30%

How Randolph 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
Population465461-0.9%
Median household income$101,786$104,286+2.5%
Median home value$268,800$291,000+8.3%

How Randolph Compares

Economy & Housing

Household Income Distribution

Under $25K 6.2%
$25K-$50K 16.3%
$50K-$100K 24.7%
$100K+ 52.8%
Detailed income brackets
Under $10K
4.5%
$10K-$15K
0.0%
$15K-$20K
0.0%
$20K-$25K
1.7%
$25K-$30K
2.8%
$30K-$35K
3.4%
$35K-$40K
6.2%
$40K-$45K
3.9%
$45K-$50K
0.0%
$50K-$60K
4.5%
$60K-$75K
10.1%
$75K-$100K
10.1%
$100K-$125K
28.6%
$125K-$150K
6.7%
$150K-$200K
10.7%
$200K+
6.7%

Employment

8.6% Unemployment Rate State: 4.1%|National: 5.2%
76.3% Labor Force Participation

Housing Overview

Owner 79.2%
Renter 20.8%
Affordability Index Very Affordable
2.8x home value to income ratio
Median gross rent $1,563/mo 18.0% of median household income annually

People & Demographics

Diversity Index

4out 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

Randolph Rankings in Minnesota

#521 Population of 914
#124 Median Income of 887
#329 Education of 914
#195 Home Value of 870

Other Cities in Dakota County

CityPopulationMedian IncomePovertyHome Value
Lakeville 74,354 $139,041 2.9% $452,500
Eagan 68,000 $108,690 5.9% $397,100
Burnsville 64,463 $87,024 10.8% $355,200
Apple Valley 55,679 $97,673 6.0% $370,400
Inver Grove Heights 35,906 $101,316 4.9% $363,400
Rosemount 27,562 $129,625 3.0% $424,100
Farmington 23,902 $123,673 5.1% $366,200
Hastings 22,117 $93,998 5.4% $322,400
West St. Paul 21,382 $68,464 8.8% $301,300
Northfield 20,742 $84,895 8.8% $329,400

Cities Similar to Randolph

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Argyle486$105,625$191,80021.6%1.2%
Crown College422N/AN/A0.0%0.0%
St. Marys Point483$113,750$523,00055.4%10.3%
Green Isle466$88,333$200,70017.2%1.1%
Ghent439$94,000$150,00031.7%7.3%

A note before these figures: with a population of 461, Randolph's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Randolph is a small community located in Minnesota, within Dakota County. The total population is 461. It ranks as the 521st most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Randolph is 40.5 years. This is 4% higher than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Randolph is $104,286. This is 17% higher than the state median of $89,062. It is also 29% higher than the national median of $80,734. The poverty rate stands at 4.8%. This is 49% lower than the state poverty rate of 9.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 8.6%. This is 112% higher than the state rate of 4.1%. The median home value is $291,000. Housing costs are 12% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.8x, Randolph is one of the most affordable housing markets in the area. 79.2% of occupied housing units are owner-occupied. This homeownership rate is 10% higher than the state average of 72.2%.

Race & Ethnicity

Randolph has a predominantly White (non-Hispanic) population, comprising 98.0% of all residents. Asian residents account for 1.1%. The Asian population (1.1%) is well below the state average of 5.1%.

Education

24.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 38% 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 95.9%.

Data Sources & Methodology

All demographic data for Randolph, 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 Randolph, Minnesota?

Randolph, Minnesota has a population of 461 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Randolph, MN?

The median household income in Randolph is $104,286, which is 29% higher than the national median of $80,734.

What is the poverty rate in Randolph, MN?

The poverty rate in Randolph is 4.8%. This means approximately 22 residents live below the federal poverty line.

What is the racial makeup of Randolph, Minnesota?

Randolph's population is 98.0% White, 0.0% Black, 0.0% Hispanic/Latino, and 1.1% Asian.

What is the median home value in Randolph, MN?

The median home value in Randolph is $291,000. The home-value-to-income ratio is 2.8x.

How educated is Randolph, Minnesota?

24.5% of adults (25+) in Randolph hold a bachelor's degree or higher, and 7.3% hold a graduate or professional degree.