Gibbon, MN
Population 880 · Minnesota
About Gibbon, MN
Gibbon is a small community located in Minnesota with a population of 880 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,148 per year, which is 29% below the national median of $75,149. The median age of 44.7 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 Gibbon features a median home value of $98,600, which is 60% below the national median of $244,900. This makes Gibbon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $872, 25% below the national average of $1,163/month. Of the 416 total housing units, 79% are owner-occupied (301 units) and 21% are renter-occupied (79 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gibbon shows an unemployment rate of 8.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 17.3%, above the national average of 12.4%. Workers in Gibbon have an average one-way commute time of 30 minutes.
Education & Demographics
14.3% of Gibbon 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 6.0% White, 2.2% Hispanic or Latino, 0.2% Black or African American, and 4.7% Asian residents, with 3.3% of the population being foreign-born.
Cost of Living in Gibbon, MN
Compared to national averages, Gibbon has a median household income of $53,148 (29% below the national median of $75,149). Home values average $98,600, which is 60% below the national median. Monthly rent at $872 is 25% below the US average of $1,163. Within Minnesota, Gibbon's income is 28% below the state average of $74,221, and home values are 52% below the state median of $204,472.
Why Live in Gibbon, MN?
Gibbon offers affordable housing with a median home value of $98,600, below the US average of $244,900, and rent that’s lower than the national average at $872/month.
Potential considerations include median household income ($53,148) that falls below the national average. However, Gibbon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gibbon has a population of 880 with a median age of 44.7 years. Compare Gibbon 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 Gibbon
What is the population of Gibbon, MN?
The population of Gibbon, MN is 880 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 Gibbon?
The median household income in Gibbon, MN is $53,148 per year, which is 29% below the national median of $75,149.
What is the median home value in Gibbon?
The median home value in Gibbon, MN is $98,600, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gibbon?
The median monthly rent in Gibbon, MN is $872, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Gibbon?
The unemployment rate in Gibbon, MN is 8.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gibbon, MN a good place to live?
Gibbon offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 880 and a median age of 44.7, the city appeals to a broad range of residents.
How educated is Gibbon, MN?
14.3% of residents in Gibbon 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 Gibbon?
Key cost-of-living indicators for Gibbon, MN: median home value is $98,600 (60% below national), median rent is $872/month, and median household income is $53,148. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gibbon?
The poverty rate in Gibbon, MN is 17.3%, 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 Gibbon, MN?
Gibbon's population is 6.0% White, 2.2% Hispanic or Latino, 0.2% Black or African American, 4.7% Asian, and 2.6% two or more races. 3.3% of residents are foreign-born.