Excelsior, MN
Population 2,359 · Minnesota
About Excelsior, MN
Excelsior is a small community in Minnesota with a population of 2,359 residents. The median household income is $108,611 per year, which is above the national average. The median age in Excelsior is 43.3 years.
Housing in Excelsior has a median home value of $839,500 and median monthly rent of $1,125. Of the 1,417 total housing units, renting is more common than owning, with 564 owner-occupied and 592 renter-occupied units.
The unemployment rate in Excelsior is 0.0% and the poverty rate is 9.8%. 52.4% of residents hold a bachelor's degree or higher. The average commute time is 26.1 minutes.
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.
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Frequently Asked Questions about Excelsior
What is the population of Excelsior, MN?
The population of Excelsior, MN is 2,359 according to the latest Census data.
What is the median household income in Excelsior?
The median household income in Excelsior, MN is $108,611 per year.
What is the median home value in Excelsior?
The median home value in Excelsior, MN is $839,500.
What is the average rent in Excelsior?
The median monthly rent in Excelsior, MN is $1,125.
What is the unemployment rate in Excelsior?
The unemployment rate in Excelsior, MN is 0.0%.