Excelsior, MN
Population 2,359 · Minnesota
About Excelsior, MN
Excelsior is a small town located in Minnesota with a population of 2,359 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,611 per year, which is 45% above the national median of $75,149. The median age of 43.3 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 Excelsior features a median home value of $839,500, which is 243% above the national median of $244,900. This places Excelsior in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,125, 3% below the national average of $1,163/month. Of the 1,417 total housing units, 49% are owner-occupied (564 units) and 51% are renter-occupied (592 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Excelsior shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Excelsior have an average one-way commute time of 26.1 minutes.
Education & Demographics
52.4% of Excelsior 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 4.1% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.8% of the population being foreign-born.
Cost of Living in Excelsior, MN
Compared to national averages, Excelsior has a median household income of $108,611 (45% above the national median of $75,149). Home values average $839,500, which is 243% above the national median. Monthly rent at $1,125 is 3% below the US average of $1,163. Within Minnesota, Excelsior's income is 46% above the state average of $74,221, and home values are 311% above the state median of $204,472.
Why Live in Excelsior, MN?
Excelsior offers a strong local economy with a median household income of $108,611, well above the national average, and rent that’s lower than the national average at $1,125/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 52.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $839,500. However, Excelsior’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Excelsior has a population of 2,359 with a median age of 43.3 years. Compare Excelsior with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Excelsior
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Staples | 2,359 | $51,506 | $119,300 | Compare |
| Spring Valley | 2,357 | $64,500 | $149,100 | Compare |
| Madelia | 2,380 | $77,500 | $158,300 | Compare |
| Lauderdale | 2,386 | $76,558 | $273,600 | Compare |
| Wells | 2,317 | $58,663 | $93,200 | Compare |
| Arlington | 2,298 | $66,458 | $181,600 | Compare |
| Janesville | 2,449 | $72,120 | $194,400 | Compare |
| Crosby | 2,253 | $43,250 | $175,600 | 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 Excelsior With Other Cities
Frequently Asked Questions about Excelsior
What is the population of Excelsior, MN?
The population of Excelsior, MN is 2,359 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 Excelsior?
The median household income in Excelsior, MN is $108,611 per year, which is 45% above the national median of $75,149.
What is the median home value in Excelsior?
The median home value in Excelsior, MN is $839,500, which is 243% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Excelsior?
The median monthly rent in Excelsior, MN is $1,125, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Excelsior?
The unemployment rate in Excelsior, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Excelsior, MN a good place to live?
Excelsior offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,359 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Excelsior, MN?
52.4% of residents in Excelsior 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 Excelsior?
Key cost-of-living indicators for Excelsior, MN: median home value is $839,500 (243% above national), median rent is $1,125/month, and median household income is $108,611. The home-value-to-income ratio is 7.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Excelsior?
The poverty rate in Excelsior, MN is 9.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Excelsior, MN?
Excelsior's population is 4.1% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.8% of residents are foreign-born.