Gary, MN
Population 308 · Minnesota
About Gary, MN
Gary is a small community located in Minnesota with a population of 308 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,500 per year, which is 4% below the national median of $75,149. The median age of 37.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Gary features a median home value of $123,700, which is 49% below the national median of $244,900. This makes Gary one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 120 total housing units, 89% are owner-occupied (94 units) and 11% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gary shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gary have an average one-way commute time of 28.3 minutes.
Education & Demographics
7.9% of Gary 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 14.6% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Gary, MN
Compared to national averages, Gary has a median household income of $72,500 (4% below the national median of $75,149). Home values average $123,700, which is 49% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Gary's income is 2% below the state average of $74,221, and home values are 40% below the state median of $204,472.
Why Live in Gary, MN?
Gary offers affordable housing with a median home value of $123,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 3.6%, better than the national average.
Potential considerations include median household income ($72,500) that falls below the national average. However, Gary’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gary has a population of 308 with a median age of 37.2 years. Compare Gary with other cities to see how it stacks up, or explore all cities in Minnesota.
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Cities in Minnesota with a similar population size.
Demographics
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Economy & Education
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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 Gary
What is the population of Gary, MN?
The population of Gary, MN is 308 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 Gary?
The median household income in Gary, MN is $72,500 per year, which is 4% below the national median of $75,149.
What is the median home value in Gary?
The median home value in Gary, MN is $123,700, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gary?
The median monthly rent in Gary, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Gary?
The unemployment rate in Gary, MN is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gary, MN a good place to live?
Gary offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 308 and a median age of 37.2, the city appeals to a broad range of residents.
How educated is Gary, MN?
7.9% of residents in Gary 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 Gary?
Key cost-of-living indicators for Gary, MN: median home value is $123,700 (49% below national), median rent is $0/month, and median household income is $72,500. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gary?
The poverty rate in Gary, MN is 3.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gary, MN?
Gary's population is 14.6% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 5.2% of residents are foreign-born.