Credit River, MN
Population 5,531 · Minnesota
About Credit River, MN
Credit River is a small town located in Minnesota with a population of 5,531 residents according to the latest US Census Bureau American Community Survey data. The median household income is $149,524 per year, which is 99% above the national median of $75,149. The median age of 43 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 Credit River features a median home value of $577,600, which is 136% above the national median of $244,900. This places Credit River in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $890, 23% below the national average of $1,163/month. Of the 1,998 total housing units, 98% are owner-occupied (1,911 units) and 2% are renter-occupied (45 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Credit River shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Credit River have an average one-way commute time of 25.4 minutes.
Education & Demographics
46.5% of Credit River 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 0.3% White, 0.2% Hispanic or Latino, 0.4% Black or African American, and 0.5% Asian residents, with 6.5% of the population being foreign-born.
How Credit River Ranks in Minnesota
Cost of Living in Credit River, MN
Compared to national averages, Credit River has a median household income of $149,524 (99% above the national median of $75,149). Home values average $577,600, which is 136% above the national median. Monthly rent at $890 is 23% below the US average of $1,163. Within Minnesota, Credit River's income is 101% above the state average of $74,221, and home values are 182% above the state median of $204,472.
Why Live in Credit River, MN?
Credit River offers a strong local economy with a median household income of $149,524, well above the national average, and rent that’s lower than the national average at $890/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features a well-educated community where 46.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $577,600. However, Credit River’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Credit River has a population of 5,531 with a median age of 43 years. Compare Credit River with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Credit River
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| St. Paul Park | 5,464 | $98,670 | $252,800 | Compare |
| Chisago City | 5,629 | $96,964 | $366,600 | Compare |
| Glencoe | 5,702 | $63,967 | $213,100 | Compare |
| International Falls | 5,728 | $61,043 | $115,000 | Compare |
| Montevideo | 5,303 | $65,724 | $137,600 | Compare |
| La Crescent | 5,266 | $82,109 | $244,500 | Compare |
| North Oaks | 5,175 | $235,858 | $756,300 | Compare |
| Falcon Heights | 5,145 | $93,233 | $366,800 | 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 Credit River With Other Cities
Frequently Asked Questions about Credit River
What is the population of Credit River, MN?
The population of Credit River, MN is 5,531 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 Credit River?
The median household income in Credit River, MN is $149,524 per year, which is 99% above the national median of $75,149.
What is the median home value in Credit River?
The median home value in Credit River, MN is $577,600, which is 136% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Credit River?
The median monthly rent in Credit River, MN is $890, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Credit River?
The unemployment rate in Credit River, MN is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Credit River, MN a good place to live?
Credit River offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,531 and a median age of 43, the city appeals to a broad range of residents.
How educated is Credit River, MN?
46.5% of residents in Credit River 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 Credit River?
Key cost-of-living indicators for Credit River, MN: median home value is $577,600 (136% above national), median rent is $890/month, and median household income is $149,524. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Credit River?
The poverty rate in Credit River, MN is 1.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Credit River, MN?
Credit River's population is 0.3% White, 0.2% Hispanic or Latino, 0.4% Black or African American, 0.5% Asian, and 0.0% two or more races. 6.5% of residents are foreign-born.