Good Thunder, MN
Population 423 · Minnesota
About Good Thunder, MN
Good Thunder is a small community located in Minnesota with a population of 423 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,818 per year, which is 4% below the national median of $75,149. The median age of 53.6 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 Good Thunder features a median home value of $169,900, which is 31% below the national median of $244,900. This positions Good Thunder in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 253 total housing units, 89% are owner-occupied (195 units) and 11% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Good Thunder shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Good Thunder have an average one-way commute time of 22.2 minutes.
Education & Demographics
15.2% of Good Thunder 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 0.7% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Good Thunder Ranks in Minnesota
Cost of Living in Good Thunder, MN
Compared to national averages, Good Thunder has a median household income of $71,818 (4% below the national median of $75,149). Home values average $169,900, which is 31% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Good Thunder's income is 3% below the state average of $74,221, and home values are 17% below the state median of $204,472.
Why Live in Good Thunder, MN?
Good Thunder offers affordable housing with a median home value of $169,900, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.8%. Additionally, the city features a low poverty rate of 8.5%, better than the national average, and short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($71,818) that falls below the national average. However, Good Thunder’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Good Thunder has a population of 423 with a median age of 53.6 years. Compare Good Thunder 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 Good Thunder
What is the population of Good Thunder, MN?
The population of Good Thunder, MN is 423 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 Good Thunder?
The median household income in Good Thunder, MN is $71,818 per year, which is 4% below the national median of $75,149.
What is the median home value in Good Thunder?
The median home value in Good Thunder, MN is $169,900, which is 31% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Good Thunder?
The median monthly rent in Good Thunder, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Good Thunder?
The unemployment rate in Good Thunder, MN is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Good Thunder, MN a good place to live?
Good Thunder offers a moderate cost of living, affordable housing, and a strong job market. With a population of 423 and a median age of 53.6, the city appeals to established professionals and retirees.
How educated is Good Thunder, MN?
15.2% of residents in Good Thunder 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 Good Thunder?
Key cost-of-living indicators for Good Thunder, MN: median home value is $169,900 (31% below national), median rent is $0/month, and median household income is $71,818. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Good Thunder?
The poverty rate in Good Thunder, MN is 8.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Good Thunder, MN?
Good Thunder's population is 0.7% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.2% two or more races. 0.0% of residents are foreign-born.