Breckenridge, MN
Population 3,369 · Minnesota
About Breckenridge, MN
Breckenridge is a small town located in Minnesota with a population of 3,369 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,344 per year, which is 24% below the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Breckenridge features a median home value of $142,000, which is 42% below the national median of $244,900. This makes Breckenridge one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $502, 57% below the national average of $1,163/month. Of the 1,668 total housing units, 69% are owner-occupied (1,017 units) and 31% are renter-occupied (453 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Breckenridge shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 22.8%, above the national average of 12.4%. Workers in Breckenridge have an average one-way commute time of 17.2 minutes, one of the shorter commutes in the region.
Education & Demographics
20.4% of Breckenridge 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 2.9% White, 3.7% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 1.5% of the population being foreign-born.
How Breckenridge Ranks in Minnesota
Cost of Living in Breckenridge, MN
Compared to national averages, Breckenridge has a median household income of $57,344 (24% below the national median of $75,149). Home values average $142,000, which is 42% below the national median. Monthly rent at $502 is 57% below the US average of $1,163. Within Minnesota, Breckenridge's income is 23% below the state average of $74,221, and home values are 31% below the state median of $204,472.
Why Live in Breckenridge, MN?
Breckenridge offers affordable housing with a median home value of $142,000, below the US average of $244,900, and rent that’s lower than the national average at $502/month, and short commute times averaging just 17.2 minutes.
Potential considerations include median household income ($57,344) that falls below the national average. However, Breckenridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Breckenridge has a population of 3,369 with a median age of 40.9 years. Compare Breckenridge with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Breckenridge
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Montgomery | 3,366 | $74,018 | $218,900 | Compare |
| Annandale | 3,365 | $50,536 | $195,100 | Compare |
| Pine City | 3,339 | $51,654 | $181,800 | Compare |
| Sleepy Eye | 3,438 | $64,811 | $138,500 | Compare |
| Jackson | 3,298 | $57,328 | $118,900 | Compare |
| Moose Lake | 3,297 | $61,576 | $205,000 | Compare |
| Benson | 3,449 | $51,124 | $146,100 | Compare |
| Eagle Lake | 3,268 | $97,161 | $249,600 | 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.
Compare Breckenridge With Other Cities
Frequently Asked Questions about Breckenridge
What is the population of Breckenridge, MN?
The population of Breckenridge, MN is 3,369 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Breckenridge?
The median household income in Breckenridge, MN is $57,344 per year, which is 24% below the national median of $75,149.
What is the median home value in Breckenridge?
The median home value in Breckenridge, MN is $142,000, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Breckenridge?
The median monthly rent in Breckenridge, MN is $502, which is 57% below the national average of $1,163/month.
What is the unemployment rate in Breckenridge?
The unemployment rate in Breckenridge, MN is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Breckenridge, MN a good place to live?
Breckenridge offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,369 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Breckenridge, MN?
20.4% of residents in Breckenridge 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 Breckenridge?
Key cost-of-living indicators for Breckenridge, MN: median home value is $142,000 (42% below national), median rent is $502/month, and median household income is $57,344. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Breckenridge?
The poverty rate in Breckenridge, MN is 22.8%, 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 Breckenridge, MN?
Breckenridge's population is 2.9% White, 3.7% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 0.1% two or more races. 1.5% of residents are foreign-born.