Federal Dam, MN
Population 147 · Minnesota
About Federal Dam, MN
Federal Dam is a small community located in Minnesota with a population of 147 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,750 per year, which is 35% below the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Federal Dam features a median home value of $141,700, which is 42% below the national median of $244,900. This makes Federal Dam one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,125, 3% below the national average of $1,163/month. Of the 135 total housing units, 76% are owner-occupied (50 units) and 24% are renter-occupied (16 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Federal Dam shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Federal Dam have an average one-way commute time of 32 minutes.
Education & Demographics
6.1% of Federal Dam 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, 47.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.7% of the population being foreign-born.
Cost of Living in Federal Dam, MN
Compared to national averages, Federal Dam has a median household income of $48,750 (35% below the national median of $75,149). Home values average $141,700, which is 42% below the national median. Monthly rent at $1,125 is 3% below the US average of $1,163. Within Minnesota, Federal Dam's income is 34% below the state average of $74,221, and home values are 31% below the state median of $204,472.
Why Live in Federal Dam, MN?
Federal Dam offers affordable housing with a median home value of $141,700, below the US average of $244,900, and rent that’s lower than the national average at $1,125/month, and a low poverty rate of 10.9%, better than the national average.
Potential considerations include median household income ($48,750) that falls below the national average. However, Federal Dam’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Federal Dam has a population of 147 with a median age of 38.8 years. Compare Federal Dam 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 Federal Dam
What is the population of Federal Dam, MN?
The population of Federal Dam, MN is 147 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 Federal Dam?
The median household income in Federal Dam, MN is $48,750 per year, which is 35% below the national median of $75,149.
What is the median home value in Federal Dam?
The median home value in Federal Dam, MN is $141,700, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Federal Dam?
The median monthly rent in Federal Dam, MN is $1,125, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Federal Dam?
The unemployment rate in Federal Dam, MN is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Federal Dam, MN a good place to live?
Federal Dam offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 147 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Federal Dam, MN?
6.1% of residents in Federal Dam 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 Federal Dam?
Key cost-of-living indicators for Federal Dam, MN: median home value is $141,700 (42% below national), median rent is $1,125/month, and median household income is $48,750. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Federal Dam?
The poverty rate in Federal Dam, MN is 10.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Federal Dam, MN?
Federal Dam's population is 0.0% White, 47.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.7% of residents are foreign-born.