Clearwater, MN
Population 1,904 · Minnesota
About Clearwater, MN
Clearwater is a small town located in Minnesota with a population of 1,904 residents according to the latest US Census Bureau American Community Survey data. The median household income is $89,219 per year, which is 19% above the national median of $75,149. The median age of 30.9 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 Clearwater features a median home value of $248,100, which is 1% above the national median of $244,900. This positions Clearwater in a moderately priced market relative to the rest of the country. Median monthly rent is $1,074, 8% below the national average of $1,163/month. Of the 761 total housing units, 64% are owner-occupied (479 units) and 36% are renter-occupied (274 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Clearwater shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Clearwater have an average one-way commute time of 30.4 minutes.
Education & Demographics
26.0% of Clearwater 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 0.3% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Clearwater, MN
Compared to national averages, Clearwater has a median household income of $89,219 (19% above the national median of $75,149). Home values average $248,100, which is 1% above the national median. Monthly rent at $1,074 is 8% below the US average of $1,163. Within Minnesota, Clearwater's income is 20% above the state average of $74,221, and home values are 21% above the state median of $204,472.
Why Live in Clearwater, MN?
Clearwater offers a strong local economy with a median household income of $89,219, well above the national average, and rent that’s lower than the national average at $1,074/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features a low poverty rate of 7.3%, better than the national average.
Clearwater has a population of 1,904 with a median age of 30.9 years. Compare Clearwater with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Clearwater
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aurora | 1,897 | $42,406 | $88,700 | Compare |
| Maple Plain | 1,889 | $93,000 | $346,600 | Compare |
| Coleraine | 1,888 | $67,083 | $179,900 | Compare |
| Dundas | 1,882 | $111,250 | $293,400 | Compare |
| Spring Park | 1,869 | $46,860 | $598,400 | Compare |
| Tracy | 1,869 | $60,682 | $110,900 | Compare |
| Howard Lake | 1,864 | $99,464 | $239,100 | Compare |
| Waverly | 1,947 | $113,269 | $284,600 | 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 Clearwater With Other Cities
Frequently Asked Questions about Clearwater
What is the population of Clearwater, MN?
The population of Clearwater, MN is 1,904 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 Clearwater?
The median household income in Clearwater, MN is $89,219 per year, which is 19% above the national median of $75,149.
What is the median home value in Clearwater?
The median home value in Clearwater, MN is $248,100, which is 1% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Clearwater?
The median monthly rent in Clearwater, MN is $1,074, which is 8% below the national average of $1,163/month.
What is the unemployment rate in Clearwater?
The unemployment rate in Clearwater, MN is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Clearwater, MN a good place to live?
Clearwater offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,904 and a median age of 30.9, the city appeals to young professionals and families.
How educated is Clearwater, MN?
26.0% of residents in Clearwater 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 Clearwater?
Key cost-of-living indicators for Clearwater, MN: median home value is $248,100 (1% above national), median rent is $1,074/month, and median household income is $89,219. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Clearwater?
The poverty rate in Clearwater, MN is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Clearwater, MN?
Clearwater's population is 0.3% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.