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Russell, Minnesota Demographics & Population 2026

During the 2020–2024 ACS period, Russell, Minnesota had a total population of 346, the 582nd largest city in Minnesota, with a median household income of $57,083, which is 36% 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

Russell Quick Facts

Population 346
Median Household Income $57,083
Median Home Value $107,600
Poverty Rate 5.6%
Unemployment Rate 10.1%
Median Age 44.7 years
Homeownership Rate 91.4%
Affordability Ratio 1.9x
Bachelor's Degree or Higher 13.7%
High School Graduation Rate 94.4%
Diversity Index 41/100
Population 346 582nd of 914
Median Income $57,083 bottom 30%
Poverty Rate 5.6% 55% lower than national
Median Home Value $107,600 bottom 30%

How Russell 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
Population323346+7.1%
Median household income$62,143$57,083-8.1%
Median home value$101,700$107,600+5.8%

How Russell Compares

Economy & Housing

Household Income Distribution

Under $25K 7.4%
$25K-$50K 35.6%
$50K-$100K 36.2%
$100K+ 20.9%
Detailed income brackets
Under $10K
3.1%
$10K-$15K
0.0%
$15K-$20K
4.3%
$20K-$25K
0.0%
$25K-$30K
4.3%
$30K-$35K
16.6%
$35K-$40K
3.7%
$40K-$45K
6.8%
$45K-$50K
4.3%
$50K-$60K
7.4%
$60K-$75K
16.6%
$75K-$100K
12.3%
$100K-$125K
6.1%
$125K-$150K
5.5%
$150K-$200K
5.5%
$200K+
3.7%

Employment

10.1% Unemployment Rate State: 4.1%|National: 5.2%
62.2% Labor Force Participation

Housing Overview

Owner 91.4%
Renter 8.6%
Affordability Index Very Affordable
1.9x home value to income ratio
Median gross rent $596/mo 12.5% of median household income annually

People & Demographics

Diversity Index

41out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 41 | National average: 61

Education

Russell Rankings in Minnesota

#582 Population of 914
#658 Median Income of 887
#665 Education of 914
#697 Home Value of 870

Other Cities in Lyon County

CityPopulationMedian IncomePovertyHome Value
Marshall 13,896 $68,566 16.9% $210,300
Tracy 2,057 $67,788 9.9% $113,400
Minneota 1,594 $74,091 6.8% $161,300
Cottonwood 1,061 $97,500 7.1% $176,200
Balaton 551 $54,688 17.7% $94,000
Ghent 439 $94,000 7.3% $150,000
Lynd 428 $79,167 3.5% $187,500
Taunton 128 $45,313 25.8% $76,900
Garvin 114 $43,438 30.7% $66,100
Florence 25 $64,583 16.0% $150,000

Cities Similar to Russell

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Willow River342$58,125$206,30011.9%13.8%
Cyrus355$57,083$105,2007.4%12.2%
Barrett349$60,000$131,90014.4%7.7%
Emmons363$57,969$106,70011.6%20.1%
Comfrey338$61,875$96,30017.0%13.3%

A note before these figures: with a population of 346, Russell'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

Russell is a small community located in Minnesota, within Lyon County. The total population is 346. It ranks as the 582nd most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Russell is 44.7 years. This is 15% higher than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Russell is $57,083. This is 36% lower than the state median of $89,062. It is also 29% 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 10.1%. This is 149% higher than the state rate of 4.1%. The median home value is $107,600. Housing costs are 67% lower than the state median of $329,300. With a home-value-to-income ratio of just 1.9x, Russell is one of the most affordable housing markets in the area. 91.4% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 72.2%.

Race & Ethnicity

The largest racial or ethnic group in Russell is White (non-Hispanic), making up 75.1% of the population. Hispanic or Latino residents account for 10.7%. The Hispanic or Latino population is significantly higher than the state average (10.7% vs 6.4%). The Asian population (1.2%) is well below the state average of 5.1%.

Education

13.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 65% 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 94.4%.

Data Sources & Methodology

All demographic data for Russell, 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 Russell, Minnesota?

Russell, Minnesota has a population of 346 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Russell, MN?

The median household income in Russell is $57,083, which is 29% lower than the national median of $80,734.

What is the poverty rate in Russell, MN?

The poverty rate in Russell is 5.6%. This means approximately 19 residents live below the federal poverty line.

What is the racial makeup of Russell, Minnesota?

Russell's population is 75.1% White, 0.0% Black, 10.7% Hispanic/Latino, and 1.2% Asian.

What is the median home value in Russell, MN?

The median home value in Russell is $107,600. The home-value-to-income ratio is 1.9x.

How educated is Russell, Minnesota?

13.7% of adults (25+) in Russell hold a bachelor's degree or higher, and 7.3% hold a graduate or professional degree.