Carver, MN
Population 5,935 · Minnesota
About Carver, MN
Carver is a small town located in Minnesota with a population of 5,935 residents according to the latest US Census Bureau American Community Survey data. The median household income is $144,408 per year, which is 92% above the national median of $75,149. The median age of 39.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carver features a median home value of $427,600, which is 75% above the national median of $244,900. This places Carver in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,347, 16% above the national average of $1,163/month. Of the 2,057 total housing units, 91% are owner-occupied (1,830 units) and 9% are renter-occupied (183 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carver shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 1.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carver have an average one-way commute time of 31.8 minutes.
Education & Demographics
61.7% of Carver residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.8% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 6.8% of the population being foreign-born.
How Carver Ranks in Minnesota
Cost of Living in Carver, MN
Compared to national averages, Carver has a median household income of $144,408 (92% above the national median of $75,149). Home values average $427,600, which is 75% above the national median. Monthly rent at $1,347 is 16% above the US average of $1,163. Within Minnesota, Carver's income is 95% above the state average of $74,221, and home values are 109% above the state median of $204,472.
Why Live in Carver, MN?
Carver offers a strong local economy with a median household income of $144,408, well above the national average, and a well-educated community where 61.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $427,600. However, Carver’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carver has a population of 5,935 with a median age of 39.4 years. Compare Carver with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Carver
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| International Falls | 5,728 | $61,043 | $115,000 | Compare |
| Glencoe | 5,702 | $63,967 | $213,100 | Compare |
| Chisago City | 5,629 | $96,964 | $366,600 | Compare |
| Credit River | 5,531 | $149,524 | $577,600 | Compare |
| St. Paul Park | 5,464 | $98,670 | $252,800 | Compare |
| Zimmerman | 6,410 | $86,169 | $284,600 | Compare |
| Byron | 6,510 | $121,681 | $326,400 | Compare |
| Montevideo | 5,303 | $65,724 | $137,600 | 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 Carver With Other Cities
Frequently Asked Questions about Carver
What is the population of Carver, MN?
The population of Carver, MN is 5,935 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 Carver?
The median household income in Carver, MN is $144,408 per year, which is 92% above the national median of $75,149.
What is the median home value in Carver?
The median home value in Carver, MN is $427,600, which is 75% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carver?
The median monthly rent in Carver, MN is $1,347, which is 16% above the national average of $1,163/month.
What is the unemployment rate in Carver?
The unemployment rate in Carver, MN is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carver, MN a good place to live?
Carver offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,935 and a median age of 39.4, the city appeals to a broad range of residents.
How educated is Carver, MN?
61.7% of residents in Carver aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Carver?
Key cost-of-living indicators for Carver, MN: median home value is $427,600 (75% above national), median rent is $1,347/month, and median household income is $144,408. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carver?
The poverty rate in Carver, MN is 1.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carver, MN?
Carver's population is 1.8% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 6.8% of residents are foreign-born.