Claremont, MN
Population 554 · Minnesota
About Claremont, MN
Claremont is a small community located in Minnesota with a population of 554 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,458 per year, which is 12% below the national median of $75,149. The median age of 36.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Claremont features a median home value of $114,100, which is 53% below the national median of $244,900. This makes Claremont one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $850, 27% below the national average of $1,163/month. Of the 212 total housing units, 88% are owner-occupied (183 units) and 12% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Claremont shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 27.9%, above the national average of 12.4%. Workers in Claremont have an average one-way commute time of 26.9 minutes.
Education & Demographics
12.7% of Claremont 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 9.2% White, 4.0% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 3.8% of the population being foreign-born.
Cost of Living in Claremont, MN
Compared to national averages, Claremont has a median household income of $66,458 (12% below the national median of $75,149). Home values average $114,100, which is 53% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Minnesota, Claremont's income is 10% below the state average of $74,221, and home values are 44% below the state median of $204,472.
Why Live in Claremont, MN?
Claremont offers affordable housing with a median home value of $114,100, below the US average of $244,900, and rent that’s lower than the national average at $850/month, and a strong job market with an unemployment rate of just 3.0%.
Potential considerations include median household income ($66,458) that falls below the national average. However, Claremont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Claremont has a population of 554 with a median age of 36.1 years. Compare Claremont with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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Economy & Education
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Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Claremont
What is the population of Claremont, MN?
The population of Claremont, MN is 554 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 Claremont?
The median household income in Claremont, MN is $66,458 per year, which is 12% below the national median of $75,149.
What is the median home value in Claremont?
The median home value in Claremont, MN is $114,100, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Claremont?
The median monthly rent in Claremont, MN is $850, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Claremont?
The unemployment rate in Claremont, MN is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Claremont, MN a good place to live?
Claremont offers a moderate cost of living, affordable housing, and a strong job market. With a population of 554 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Claremont, MN?
12.7% of residents in Claremont 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 Claremont?
Key cost-of-living indicators for Claremont, MN: median home value is $114,100 (53% below national), median rent is $850/month, and median household income is $66,458. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Claremont?
The poverty rate in Claremont, MN is 27.9%, 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 Claremont, MN?
Claremont's population is 9.2% White, 4.0% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 0.0% two or more races. 3.8% of residents are foreign-born.