Barrett, MN
Population 322 · Minnesota
About Barrett, MN
Barrett is a small community located in Minnesota with a population of 322 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,125 per year, which is 23% below the national median of $75,149. The median age of 49.5 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 Barrett features a median home value of $94,000, which is 62% below the national median of $244,900. This makes Barrett one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,284, 10% above the national average of $1,163/month. Of the 173 total housing units, 77% are owner-occupied (106 units) and 23% are renter-occupied (31 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Barrett shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 8.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Barrett have an average one-way commute time of 32.9 minutes.
Education & Demographics
9.7% of Barrett 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 1.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Barrett, MN
Compared to national averages, Barrett has a median household income of $58,125 (23% below the national median of $75,149). Home values average $94,000, which is 62% below the national median. Monthly rent at $1,284 is 10% above the US average of $1,163. Within Minnesota, Barrett's income is 22% below the state average of $74,221, and home values are 54% below the state median of $204,472.
Why Live in Barrett, MN?
Barrett offers affordable housing with a median home value of $94,000, below the US average of $244,900, and a low poverty rate of 8.5%, better than the national average.
Potential considerations include median household income ($58,125) that falls below the national average. However, Barrett’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Barrett has a population of 322 with a median age of 49.5 years. Compare Barrett with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Barrett
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chandler | 322 | $77,188 | $102,900 | Compare |
| St. Martin | 322 | $71,250 | $210,500 | Compare |
| Akeley | 323 | $43,750 | $105,600 | Compare |
| Freeborn | 321 | $44,545 | $87,900 | Compare |
| Ostrander | 323 | $70,357 | $141,400 | Compare |
| Russell | 323 | $62,143 | $101,700 | 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 Barrett
What is the population of Barrett, MN?
The population of Barrett, MN is 322 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 Barrett?
The median household income in Barrett, MN is $58,125 per year, which is 23% below the national median of $75,149.
What is the median home value in Barrett?
The median home value in Barrett, MN is $94,000, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Barrett?
The median monthly rent in Barrett, MN is $1,284, which is 10% above the national average of $1,163/month.
What is the unemployment rate in Barrett?
The unemployment rate in Barrett, MN is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Barrett, MN a good place to live?
Barrett offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 322 and a median age of 49.5, the city appeals to established professionals and retirees.
How educated is Barrett, MN?
9.7% of residents in Barrett 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 Barrett?
Key cost-of-living indicators for Barrett, MN: median home value is $94,000 (62% below national), median rent is $1,284/month, and median household income is $58,125. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Barrett?
The poverty rate in Barrett, MN is 8.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Barrett, MN?
Barrett's population is 1.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.