Askov, MN
Population 333 · Minnesota
About Askov, MN
Askov is a small community located in Minnesota with a population of 333 residents according to the latest US Census Bureau American Community Survey data. The median household income is $34,464 per year, which is 54% below the national median of $75,149. The median age of 45.2 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 Askov features a median home value of $129,200, which is 47% below the national median of $244,900. This makes Askov one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $388, 67% below the national average of $1,163/month. Of the 199 total housing units, 55% are owner-occupied (99 units) and 45% are renter-occupied (80 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Askov shows an unemployment rate of 19.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 22.0%, above the national average of 12.4%. Workers in Askov have an average one-way commute time of 39.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
13.5% of Askov 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 3.0% White, 3.3% Hispanic or Latino, 0.0% Black or African American, and 3.3% Asian residents, with 2.7% of the population being foreign-born.
How Askov Ranks in Minnesota
Cost of Living in Askov, MN
Compared to national averages, Askov has a median household income of $34,464 (54% below the national median of $75,149). Home values average $129,200, which is 47% below the national median. Monthly rent at $388 is 67% below the US average of $1,163. Within Minnesota, Askov's income is 54% below the state average of $74,221, and home values are 37% below the state median of $204,472.
Why Live in Askov, MN?
Askov offers affordable housing with a median home value of $129,200, below the US average of $244,900, and rent that’s lower than the national average at $388/month.
Potential considerations include median household income ($34,464) that falls below the national average. However, Askov’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Askov has a population of 333 with a median age of 45.2 years. Compare Askov with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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Economy & Education
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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 Askov
What is the population of Askov, MN?
The population of Askov, MN is 333 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 Askov?
The median household income in Askov, MN is $34,464 per year, which is 54% below the national median of $75,149.
What is the median home value in Askov?
The median home value in Askov, MN is $129,200, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Askov?
The median monthly rent in Askov, MN is $388, which is 67% below the national average of $1,163/month.
What is the unemployment rate in Askov?
The unemployment rate in Askov, MN is 19.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Askov, MN a good place to live?
Askov offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 333 and a median age of 45.2, the city appeals to established professionals and retirees.
How educated is Askov, MN?
13.5% of residents in Askov 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 Askov?
Key cost-of-living indicators for Askov, MN: median home value is $129,200 (47% below national), median rent is $388/month, and median household income is $34,464. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Askov?
The poverty rate in Askov, 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 Askov, MN?
Askov's population is 3.0% White, 3.3% Hispanic or Latino, 0.0% Black or African American, 3.3% Asian, and 0.0% two or more races. 2.7% of residents are foreign-born.