Carlton, MN
Population 891 · Minnesota
About Carlton, MN
Carlton is a small community located in Minnesota with a population of 891 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,944 per year, which is 18% below the national median of $75,149. The median age of 50.6 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 Carlton features a median home value of $205,300, which is 16% below the national median of $244,900. This positions Carlton in a moderately priced market relative to the rest of the country. Median monthly rent is $914, 21% below the national average of $1,163/month. Of the 369 total housing units, 69% are owner-occupied (238 units) and 31% are renter-occupied (106 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carlton shows an unemployment rate of 12.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carlton have an average one-way commute time of 19.7 minutes, one of the shorter commutes in the region.
Education & Demographics
20.1% of Carlton 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 0.0% White, 6.1% Hispanic or Latino, 0.0% Black or African American, and 2.1% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Carlton, MN
Compared to national averages, Carlton has a median household income of $61,944 (18% below the national median of $75,149). Home values average $205,300, which is 16% below the national median. Monthly rent at $914 is 21% below the US average of $1,163. Within Minnesota, Carlton's income is 17% below the state average of $74,221, and home values are 0% above the state median of $204,472.
Why Live in Carlton, MN?
Carlton offers affordable housing with a median home value of $205,300, below the US average of $244,900, and rent that’s lower than the national average at $914/month, and a low poverty rate of 5.5%, better than the national average. Additionally, the city features short commute times averaging just 19.7 minutes.
Potential considerations include median household income ($61,944) that falls below the national average. However, Carlton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carlton has a population of 891 with a median age of 50.6 years. Compare Carlton 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 Carlton
What is the population of Carlton, MN?
The population of Carlton, MN is 891 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 Carlton?
The median household income in Carlton, MN is $61,944 per year, which is 18% below the national median of $75,149.
What is the median home value in Carlton?
The median home value in Carlton, MN is $205,300, which is 16% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carlton?
The median monthly rent in Carlton, MN is $914, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Carlton?
The unemployment rate in Carlton, MN is 12.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carlton, MN a good place to live?
Carlton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 891 and a median age of 50.6, the city appeals to established professionals and retirees.
How educated is Carlton, MN?
20.1% of residents in Carlton 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 Carlton?
Key cost-of-living indicators for Carlton, MN: median home value is $205,300 (16% below national), median rent is $914/month, and median household income is $61,944. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carlton?
The poverty rate in Carlton, MN is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carlton, MN?
Carlton's population is 0.0% White, 6.1% Hispanic or Latino, 0.0% Black or African American, 2.1% Asian, and 2.9% two or more races. 1.1% of residents are foreign-born.