Tracy, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Tracy, Minnesota had a total population of 2,057, the 262nd largest city in Minnesota, with a median household income of $67,788, which is 24% lower than the state average. The poverty rate is 9.9%.
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 1.7x.
- Near full employment with an unemployment rate of just 0.6%.
Tracy Quick Facts
How Tracy 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 | 1,869 | 2,057 | +10.1% |
| Median household income | $60,682 | $67,788 | +11.7% |
| Median home value | $110,900 | $113,400 | +2.3% |
How Tracy 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
Moderate diversity with one or two groups making up the majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Tracy Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Lyon County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Marshall | 13,896 | $68,566 | 16.9% | $210,300 |
| 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 |
| Russell | 346 | $57,083 | 5.6% | $107,600 |
| 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 Tracy
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Arlington | 2,065 | $68,073 | $206,300 | 16.6% | 8.6% |
| Mountain Lake | 2,070 | $66,490 | $143,100 | 21.3% | 14.3% |
| Hoyt Lakes | 2,064 | $65,764 | $93,300 | 17.1% | 7.3% |
| Pequot Lakes | 2,079 | $63,699 | $289,300 | 30.0% | 6.6% |
| Winsted | 2,181 | $67,200 | $201,900 | 16.9% | 11.3% |
Population Overview
Tracy is a small community located in Minnesota, within Lyon County. The total population is 2,057. It ranks as the 262nd most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Tracy is 41.2 years. This is 6% higher than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Tracy is $67,788. This is 24% lower than the state median of $89,062. It is also 16% lower than the national median of $80,734. The poverty rate stands at 9.9%. This is 6% higher than the state poverty rate of 9.3%. The unemployment rate is 0.6%. This is 85% lower than the state rate of 4.1%. The median home value is $113,400. Housing costs are 66% lower than the state median of $329,300. With a home-value-to-income ratio of just 1.7x, Tracy is one of the most affordable housing markets in the area. 79.9% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 72.2%.
Race & Ethnicity
The largest racial or ethnic group in Tracy is White (non-Hispanic), making up 67.3% of the population. Hispanic or Latino residents account for 19.3%. The Hispanic or Latino population is significantly higher than the state average (19.3% vs 6.4%). The Asian population is significantly higher than the state average (12.1% vs 5.1%).
Education
15.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 62% 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 88.2%.
Data Sources & Methodology
All demographic data for Tracy, 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 Tracy, Minnesota?
Tracy, Minnesota has a population of 2,057 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Tracy, MN?
The median household income in Tracy is $67,788, which is 16% lower than the national median of $80,734.
What is the poverty rate in Tracy, MN?
The poverty rate in Tracy is 9.9%. This means approximately 198 residents live below the federal poverty line.
What is the racial makeup of Tracy, Minnesota?
Tracy's population is 67.3% White, 0.0% Black, 19.3% Hispanic/Latino, and 12.1% Asian.
What is the median home value in Tracy, MN?
The median home value in Tracy is $113,400. The home-value-to-income ratio is 1.7x.
How educated is Tracy, Minnesota?
15.1% of adults (25+) in Tracy hold a bachelor's degree or higher, and 3.4% hold a graduate or professional degree.