Buckman, MN
Population 315 · Minnesota
About Buckman, MN
Buckman is a small community located in Minnesota with a population of 315 residents according to the latest US Census Bureau American Community Survey data. The median household income is $98,750 per year, which is 31% above the national median of $75,149. The median age of 29.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Buckman features a median home value of $222,600, which is 9% below the national median of $244,900. This positions Buckman in a moderately priced market relative to the rest of the country. Median monthly rent is $775, 33% below the national average of $1,163/month. Of the 110 total housing units, 92% are owner-occupied (97 units) and 8% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Buckman shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Buckman have an average one-way commute time of 36.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
26.0% of Buckman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.2% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.5% of the population being foreign-born.
Cost of Living in Buckman, MN
Compared to national averages, Buckman has a median household income of $98,750 (31% above the national median of $75,149). Home values average $222,600, which is 9% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within Minnesota, Buckman's income is 33% above the state average of $74,221, and home values are 9% above the state median of $204,472.
Why Live in Buckman, MN?
Buckman offers a strong local economy with a median household income of $98,750, well above the national average, and affordable housing with a median home value of $222,600, below the US average of $244,900, and rent that’s lower than the national average at $775/month. Additionally, the city features a low poverty rate of 7.6%, better than the national average.
Buckman has a population of 315 with a median age of 29.8 years. Compare Buckman 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 Buckman
What is the population of Buckman, MN?
The population of Buckman, MN is 315 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 Buckman?
The median household income in Buckman, MN is $98,750 per year, which is 31% above the national median of $75,149.
What is the median home value in Buckman?
The median home value in Buckman, MN is $222,600, which is 9% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Buckman?
The median monthly rent in Buckman, MN is $775, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Buckman?
The unemployment rate in Buckman, MN is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Buckman, MN a good place to live?
Buckman offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 315 and a median age of 29.8, the city appeals to young professionals and families.
How educated is Buckman, MN?
26.0% of residents in Buckman 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 Buckman?
Key cost-of-living indicators for Buckman, MN: median home value is $222,600 (9% below national), median rent is $775/month, and median household income is $98,750. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Buckman?
The poverty rate in Buckman, MN is 7.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Buckman, MN?
Buckman's population is 2.2% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.5% of residents are foreign-born.