Belgrade, MN
Population 757 · Minnesota
About Belgrade, MN
Belgrade is a small community located in Minnesota with a population of 757 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,977 per year, which is 35% below the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Belgrade features a median home value of $143,900, which is 41% below the national median of $244,900. This makes Belgrade one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $647, 44% below the national average of $1,163/month. Of the 366 total housing units, 73% are owner-occupied (248 units) and 27% are renter-occupied (91 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Belgrade shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.5%, above the national average of 12.4%. Workers in Belgrade have an average one-way commute time of 21.2 minutes.
Education & Demographics
16.4% of Belgrade 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 3.3% White, 0.4% Hispanic or Latino, 0.5% Black or African American, and 0.7% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Belgrade, MN
Compared to national averages, Belgrade has a median household income of $48,977 (35% below the national median of $75,149). Home values average $143,900, which is 41% below the national median. Monthly rent at $647 is 44% below the US average of $1,163. Within Minnesota, Belgrade's income is 34% below the state average of $74,221, and home values are 30% below the state median of $204,472.
Why Live in Belgrade, MN?
Belgrade offers affordable housing with a median home value of $143,900, below the US average of $244,900, and rent that’s lower than the national average at $647/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features short commute times averaging just 21.2 minutes.
Potential considerations include median household income ($48,977) that falls below the national average. However, Belgrade’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Belgrade has a population of 757 with a median age of 36.8 years. Compare Belgrade 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 Belgrade
What is the population of Belgrade, MN?
The population of Belgrade, MN is 757 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 Belgrade?
The median household income in Belgrade, MN is $48,977 per year, which is 35% below the national median of $75,149.
What is the median home value in Belgrade?
The median home value in Belgrade, MN is $143,900, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Belgrade?
The median monthly rent in Belgrade, MN is $647, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Belgrade?
The unemployment rate in Belgrade, MN is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Belgrade, MN a good place to live?
Belgrade offers a moderate cost of living, affordable housing, and a strong job market. With a population of 757 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Belgrade, MN?
16.4% of residents in Belgrade 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 Belgrade?
Key cost-of-living indicators for Belgrade, MN: median home value is $143,900 (41% below national), median rent is $647/month, and median household income is $48,977. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Belgrade?
The poverty rate in Belgrade, MN is 14.5%, 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 Belgrade, MN?
Belgrade's population is 3.3% White, 0.4% Hispanic or Latino, 0.5% Black or African American, 0.7% Asian, and 0.0% two or more races. 0.5% of residents are foreign-born.