Foley, MN
Population 2,685 · Minnesota
About Foley, MN
Foley is a small town located in Minnesota with a population of 2,685 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,092 per year, which is 23% below the national median of $75,149. The median age of 34.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Foley features a median home value of $192,600, which is 21% below the national median of $244,900. This positions Foley in a moderately priced market relative to the rest of the country. Median monthly rent is $1,006, 13% below the national average of $1,163/month. Of the 987 total housing units, 67% are owner-occupied (660 units) and 33% are renter-occupied (327 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Foley shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 14.5%, above the national average of 12.4%. Workers in Foley have an average one-way commute time of 26.7 minutes.
Education & Demographics
17.5% of Foley 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 2.6% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 2.0% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Foley, MN
Compared to national averages, Foley has a median household income of $58,092 (23% below the national median of $75,149). Home values average $192,600, which is 21% below the national median. Monthly rent at $1,006 is 13% below the US average of $1,163. Within Minnesota, Foley's income is 22% below the state average of $74,221, and home values are 6% below the state median of $204,472.
Why Live in Foley, MN?
Foley offers affordable housing with a median home value of $192,600, below the US average of $244,900, and rent that’s lower than the national average at $1,006/month.
Potential considerations include median household income ($58,092) that falls below the national average. However, Foley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Foley has a population of 2,685 with a median age of 34.1 years. Compare Foley with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Foley
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chatfield | 2,693 | $91,912 | $216,000 | Compare |
| Cohasset | 2,700 | $87,833 | $315,700 | Compare |
| Crosslake | 2,648 | $85,000 | $540,200 | Compare |
| Glenwood | 2,648 | $45,735 | $181,000 | Compare |
| Breezy Point | 2,647 | $85,913 | $301,000 | Compare |
| Roseau | 2,728 | $60,185 | $130,000 | Compare |
| Lexington | 2,616 | $72,955 | $282,000 | Compare |
| Barnesville | 2,757 | $83,333 | $218,300 | 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 Foley With Other Cities
Frequently Asked Questions about Foley
What is the population of Foley, MN?
The population of Foley, MN is 2,685 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 Foley?
The median household income in Foley, MN is $58,092 per year, which is 23% below the national median of $75,149.
What is the median home value in Foley?
The median home value in Foley, MN is $192,600, which is 21% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Foley?
The median monthly rent in Foley, MN is $1,006, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Foley?
The unemployment rate in Foley, MN is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Foley, MN a good place to live?
Foley offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,685 and a median age of 34.1, the city appeals to young professionals and families.
How educated is Foley, MN?
17.5% of residents in Foley 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 Foley?
Key cost-of-living indicators for Foley, MN: median home value is $192,600 (21% below national), median rent is $1,006/month, and median household income is $58,092. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Foley?
The poverty rate in Foley, MN is 14.5%, 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 Foley, MN?
Foley's population is 2.6% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 2.0% Asian, and 1.2% two or more races. 1.5% of residents are foreign-born.