Finlayson, MN
Population 228 · Minnesota
About Finlayson, MN
Finlayson is a small community located in Minnesota with a population of 228 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 47.6 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 Finlayson features a median home value of $175,000, which is 29% below the national median of $244,900. This positions Finlayson in a moderately priced market relative to the rest of the country. Median monthly rent is $790, 32% below the national average of $1,163/month. Of the 120 total housing units, 76% are owner-occupied (84 units) and 24% are renter-occupied (26 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Finlayson shows an unemployment rate of 14.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.7%, above the national average of 12.4%. Workers in Finlayson have an average one-way commute time of 19.9 minutes, one of the shorter commutes in the region.
Education & Demographics
20.2% of Finlayson 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, 2.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Finlayson, MN
Compared to national averages, Finlayson has a median household income of $63,750 (15% below the national median of $75,149). Home values average $175,000, which is 29% below the national median. Monthly rent at $790 is 32% below the US average of $1,163. Within Minnesota, Finlayson's income is 14% below the state average of $74,221, and home values are 14% below the state median of $204,472.
Why Live in Finlayson, MN?
Finlayson offers affordable housing with a median home value of $175,000, below the US average of $244,900, and rent that’s lower than the national average at $790/month, and short commute times averaging just 19.9 minutes.
Potential considerations include median household income ($63,750) that falls below the national average. However, Finlayson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Finlayson has a population of 228 with a median age of 47.6 years. Compare Finlayson 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 Finlayson
What is the population of Finlayson, MN?
The population of Finlayson, MN is 228 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 Finlayson?
The median household income in Finlayson, MN is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Finlayson?
The median home value in Finlayson, MN is $175,000, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Finlayson?
The median monthly rent in Finlayson, MN is $790, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Finlayson?
The unemployment rate in Finlayson, MN is 14.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Finlayson, MN a good place to live?
Finlayson offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 228 and a median age of 47.6, the city appeals to established professionals and retirees.
How educated is Finlayson, MN?
20.2% of residents in Finlayson 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 Finlayson?
Key cost-of-living indicators for Finlayson, MN: median home value is $175,000 (29% below national), median rent is $790/month, and median household income is $63,750. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Finlayson?
The poverty rate in Finlayson, MN is 19.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Finlayson, MN?
Finlayson's population is 0.0% White, 2.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.