Dexter, MN
Population 359 · Minnesota
About Dexter, MN
Dexter is a small community located in Minnesota with a population of 359 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,083 per year, which is 16% above the national median of $75,149. The median age of 43.4 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 Dexter features a median home value of $173,300, which is 29% below the national median of $244,900. This positions Dexter in a moderately priced market relative to the rest of the country. Median monthly rent is $859, 26% below the national average of $1,163/month. Of the 171 total housing units, 71% are owner-occupied (108 units) and 29% are renter-occupied (45 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Dexter shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Dexter have an average one-way commute time of 23.7 minutes.
Education & Demographics
10.2% of Dexter 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Dexter, MN
Compared to national averages, Dexter has a median household income of $87,083 (16% above the national median of $75,149). Home values average $173,300, which is 29% below the national median. Monthly rent at $859 is 26% below the US average of $1,163. Within Minnesota, Dexter's income is 17% above the state average of $74,221, and home values are 15% below the state median of $204,472.
Why Live in Dexter, MN?
Dexter offers a strong local economy with a median household income of $87,083, well above the national average, and affordable housing with a median home value of $173,300, below the US average of $244,900, and rent that’s lower than the national average at $859/month. Additionally, the city features a low poverty rate of 11.7%, better than the national average, and short commute times averaging just 23.7 minutes.
Dexter has a population of 359 with a median age of 43.4 years. Compare Dexter 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 Dexter
What is the population of Dexter, MN?
The population of Dexter, MN is 359 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 Dexter?
The median household income in Dexter, MN is $87,083 per year, which is 16% above the national median of $75,149.
What is the median home value in Dexter?
The median home value in Dexter, MN is $173,300, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Dexter?
The median monthly rent in Dexter, MN is $859, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Dexter?
The unemployment rate in Dexter, MN is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Dexter, MN a good place to live?
Dexter offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 359 and a median age of 43.4, the city appeals to a broad range of residents.
How educated is Dexter, MN?
10.2% of residents in Dexter 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 Dexter?
Key cost-of-living indicators for Dexter, MN: median home value is $173,300 (29% below national), median rent is $859/month, and median household income is $87,083. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Dexter?
The poverty rate in Dexter, MN is 11.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Dexter, MN?
Dexter's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.