Amboy, MN
Population 553 · Minnesota
About Amboy, MN
Amboy is a small community located in Minnesota with a population of 553 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,214 per year, which is 4% above the national median of $75,149. The median age of 45.5 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 Amboy features a median home value of $125,300, which is 49% below the national median of $244,900. This makes Amboy one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $760, 35% below the national average of $1,163/month. Of the 259 total housing units, 84% are owner-occupied (205 units) and 16% are renter-occupied (39 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Amboy shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Amboy have an average one-way commute time of 24.4 minutes.
Education & Demographics
19.0% of Amboy 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 4.5% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Amboy, MN
Compared to national averages, Amboy has a median household income of $78,214 (4% above the national median of $75,149). Home values average $125,300, which is 49% below the national median. Monthly rent at $760 is 35% below the US average of $1,163. Within Minnesota, Amboy's income is 5% above the state average of $74,221, and home values are 39% below the state median of $204,472.
Why Live in Amboy, MN?
Amboy offers a strong local economy with a median household income of $78,214, well above the national average, and affordable housing with a median home value of $125,300, below the US average of $244,900, and rent that’s lower than the national average at $760/month. Additionally, the city features a low poverty rate of 11.9%, better than the national average, and short commute times averaging just 24.4 minutes.
Amboy has a population of 553 with a median age of 45.5 years. Compare Amboy with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Amboy
What is the population of Amboy, MN?
The population of Amboy, MN is 553 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 Amboy?
The median household income in Amboy, MN is $78,214 per year, which is 4% above the national median of $75,149.
What is the median home value in Amboy?
The median home value in Amboy, MN is $125,300, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Amboy?
The median monthly rent in Amboy, MN is $760, which is 35% below the national average of $1,163/month.
What is the unemployment rate in Amboy?
The unemployment rate in Amboy, MN is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Amboy, MN a good place to live?
Amboy offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 553 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Amboy, MN?
19.0% of residents in Amboy 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 Amboy?
Key cost-of-living indicators for Amboy, MN: median home value is $125,300 (49% below national), median rent is $760/month, and median household income is $78,214. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Amboy?
The poverty rate in Amboy, MN is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Amboy, MN?
Amboy's population is 4.5% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.