Truman, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Truman, Minnesota had a total population of 1,212, the 333rd largest city in Minnesota, with a median household income of $61,188, which is 31% lower than the state average. The poverty rate is 10.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 31% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.7x.
- Near full employment with an unemployment rate of just 1.4%.
Truman Quick Facts
How Truman 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 | 1,223 | 1,212 | -0.9% |
| Median household income | $59,095 | $61,188 | +3.5% |
| Median home value | $100,200 | $106,400 | +6.2% |
How Truman 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
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Truman Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Martin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Fairmont | 10,296 | $53,084 | 15.3% | $169,900 |
| Sherburn | 1,015 | $59,777 | 22.7% | $106,900 |
| Welcome | 978 | $49,167 | 18.3% | $101,600 |
| Trimont | 546 | $49,196 | 15.2% | $98,800 |
| Ceylon | 259 | $40,208 | 15.2% | $43,500 |
| Granada | 243 | $70,000 | 19.3% | $93,800 |
| Northrop | 240 | $67,083 | 9.6% | $136,300 |
| Dunnell | 177 | $31,786 | 1.1% | $51,300 |
| Ormsby | 136 | $80,625 | 10.3% | $75,000 |
Cities Similar to Truman
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Spring Grove | 1,177 | $59,625 | $156,000 | 24.4% | 4.0% |
| Royalton | 1,211 | $55,156 | $215,300 | 16.3% | 26.7% |
| Winnebago | 1,280 | $59,643 | $110,900 | 14.1% | 11.1% |
| Keewatin | 1,215 | $53,643 | $86,800 | 14.1% | 19.2% |
| New Richland | 1,184 | $67,000 | $137,000 | 17.5% | 7.4% |
Population Overview
Truman is a small community located in Minnesota, within Martin County. The total population is 1,212. It ranks as the 333rd most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Truman is 33.0 years. This is 15% lower than the state median of 38.8 years. With 29.0% of the population under 18, Truman has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Truman is $61,188. This is 31% lower than the state median of $89,062. It is also 24% lower than the national median of $80,734. The poverty rate stands at 10.9%. This is 17% higher than the state poverty rate of 9.3%. The unemployment rate is 1.4%. This is 65% lower than the state rate of 4.1%. The median home value is $106,400. Housing costs are 68% lower than the state median of $329,300. With a home-value-to-income ratio of just 1.7x, Truman is one of the most affordable housing markets in the area. 65.1% of occupied housing units are owner-occupied. This homeownership rate is 10% lower than the state average of 72.2%.
Race & Ethnicity
Truman has a predominantly White (non-Hispanic) population, comprising 93.3% of all residents. Hispanic or Latino residents account for 5.0%. The Black or African American population (0.1%) is well below the state average of 7.0%. The Asian population (0.2%) is well below the state average of 5.1%.
Education
21.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 46% 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 Truman, 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 Truman, Minnesota?
Truman, Minnesota has a population of 1,212 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Truman, MN?
The median household income in Truman is $61,188, which is 24% lower than the national median of $80,734.
What is the poverty rate in Truman, MN?
The poverty rate in Truman is 10.9%. This means approximately 128 residents live below the federal poverty line.
What is the racial makeup of Truman, Minnesota?
Truman's population is 93.3% White, 0.1% Black, 5.0% Hispanic/Latino, and 0.2% Asian.
What is the median home value in Truman, MN?
The median home value in Truman is $106,400. The home-value-to-income ratio is 1.7x.
How educated is Truman, Minnesota?
21.5% of adults (25+) in Truman hold a bachelor's degree or higher, and 5.9% hold a graduate or professional degree.