Floodwood, MN
Population 482 · Minnesota
About Floodwood, MN
Floodwood is a small community in Minnesota with a population of 482 residents. The median household income is $40,972 per year, which is below the national average. The median age in Floodwood is 41.1 years.
Housing in Floodwood has a median home value of $100,000 and median monthly rent of $667. Of the 271 total housing units, the majority are owner-occupied, with 156 owner-occupied and 57 renter-occupied units.
The unemployment rate in Floodwood is 6.2% and the poverty rate is 24.7%. 6.7% of residents hold a bachelor's degree or higher. The average commute time is 36.6 minutes.
Cost of Living in Floodwood, MN
Compared to national averages, Floodwood has a median household income of $40,972 (45% below the national median of $75,149). Home values average $100,000, which is 59% below the national median. Monthly rent at $667 is 43% below the US average of $1,163. Within Minnesota, Floodwood's income is 45% below the state average of $74,221, and home values are 51% below the state median of $204,472.
Why Live in Floodwood, MN?
Floodwood offers affordable housing with a median home value of $100,000, below the US average of $244,900, and rent that’s lower than the national average at $667/month.
Potential considerations include median household income ($40,972) that falls below the national average. However, Floodwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Floodwood has a population of 482 with a median age of 41.1 years. Compare Floodwood with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Floodwood
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| St. Marys Point | 484 | $106,250 | $471,400 | Compare |
| Verndale | 479 | $44,083 | $105,500 | Compare |
| Butterfield | 486 | $57,292 | $77,800 | Compare |
| Lafayette | 478 | $95,500 | $142,700 | Compare |
| Racine | 476 | $95,125 | $239,500 | Compare |
| Bertha | 489 | $54,821 | $77,900 | Compare |
| Danube | 489 | $62,014 | $137,500 | Compare |
| Fountain | 490 | $72,750 | $177,100 | 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 Floodwood
What is the population of Floodwood, MN?
The population of Floodwood, MN is 482 according to the latest Census data.
What is the median household income in Floodwood?
The median household income in Floodwood, MN is $40,972 per year.
What is the median home value in Floodwood?
The median home value in Floodwood, MN is $100,000.
What is the average rent in Floodwood?
The median monthly rent in Floodwood, MN is $667.
What is the unemployment rate in Floodwood?
The unemployment rate in Floodwood, MN is 6.2%.