Akeley, MN
Population 323 · Minnesota
About Akeley, MN
Akeley is a small community located in Minnesota with a population of 323 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,750 per year, which is 42% below the national median of $75,149. The median age of 54.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Akeley features a median home value of $105,600, which is 57% below the national median of $244,900. This makes Akeley one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $930, 20% below the national average of $1,163/month. Of the 182 total housing units, 93% are owner-occupied (137 units) and 7% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Akeley shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 22.0%, above the national average of 12.4%. Workers in Akeley have an average one-way commute time of 30.4 minutes.
Education & Demographics
14.0% of Akeley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Akeley, MN
Compared to national averages, Akeley has a median household income of $43,750 (42% below the national median of $75,149). Home values average $105,600, which is 57% below the national median. Monthly rent at $930 is 20% below the US average of $1,163. Within Minnesota, Akeley's income is 41% below the state average of $74,221, and home values are 48% below the state median of $204,472.
Why Live in Akeley, MN?
Akeley offers affordable housing with a median home value of $105,600, below the US average of $244,900, and rent that’s lower than the national average at $930/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($43,750) that falls below the national average. However, Akeley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Akeley has a population of 323 with a median age of 54.3 years. Compare Akeley with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Akeley
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ostrander | 323 | $70,357 | $141,400 | Compare |
| Russell | 323 | $62,143 | $101,700 | Compare |
| Barrett | 322 | $58,125 | $94,000 | Compare |
| Chandler | 322 | $77,188 | $102,900 | Compare |
| St. Martin | 322 | $71,250 | $210,500 | Compare |
| Freeborn | 321 | $44,545 | $87,900 | Compare |
| Emmons | 320 | $57,500 | $96,700 | Compare |
| Vernon Center | 326 | $68,750 | $130,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Akeley
What is the population of Akeley, MN?
The population of Akeley, MN is 323 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Akeley?
The median household income in Akeley, MN is $43,750 per year, which is 42% below the national median of $75,149.
What is the median home value in Akeley?
The median home value in Akeley, MN is $105,600, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Akeley?
The median monthly rent in Akeley, MN is $930, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Akeley?
The unemployment rate in Akeley, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Akeley, MN a good place to live?
Akeley offers a moderate cost of living, affordable housing, and a strong job market. With a population of 323 and a median age of 54.3, the city appeals to established professionals and retirees.
How educated is Akeley, MN?
14.0% of residents in Akeley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Akeley?
Key cost-of-living indicators for Akeley, MN: median home value is $105,600 (57% below national), median rent is $930/month, and median household income is $43,750. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Akeley?
The poverty rate in Akeley, MN is 22.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Akeley, MN?
Akeley's population is 0.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.