Goodridge, MN
Population 64 · Minnesota
About Goodridge, MN
Goodridge is a small community located in Minnesota with a population of 64 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,821 per year, which is 47% below the national median of $75,149. The median age of 56.5 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 Goodridge features a median home value of $50,800, which is 79% below the national median of $244,900. This makes Goodridge 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 52 total housing units, 95% are owner-occupied (35 units) and 5% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Goodridge shows an unemployment rate of 13.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 17.2%, above the national average of 12.4%. Workers in Goodridge have an average one-way commute time of 28.3 minutes.
Education & Demographics
5.7% of Goodridge 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Goodridge Ranks in Minnesota
Cost of Living in Goodridge, MN
Compared to national averages, Goodridge has a median household income of $39,821 (47% below the national median of $75,149). Home values average $50,800, which is 79% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Goodridge's income is 46% below the state average of $74,221, and home values are 75% below the state median of $204,472.
Why Live in Goodridge, MN?
Goodridge offers affordable housing with a median home value of $50,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($39,821) that falls below the national average. However, Goodridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Goodridge has a population of 64 with a median age of 56.5 years. Compare Goodridge with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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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 Goodridge
What is the population of Goodridge, MN?
The population of Goodridge, MN is 64 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 Goodridge?
The median household income in Goodridge, MN is $39,821 per year, which is 47% below the national median of $75,149.
What is the median home value in Goodridge?
The median home value in Goodridge, MN is $50,800, which is 79% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Goodridge?
The median monthly rent in Goodridge, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Goodridge?
The unemployment rate in Goodridge, MN is 13.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Goodridge, MN a good place to live?
Goodridge offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 64 and a median age of 56.5, the city appeals to established professionals and retirees.
How educated is Goodridge, MN?
5.7% of residents in Goodridge 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 Goodridge?
Key cost-of-living indicators for Goodridge, MN: median home value is $50,800 (79% below national), median rent is $0/month, and median household income is $39,821. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Goodridge?
The poverty rate in Goodridge, MN is 17.2%, 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 Goodridge, MN?
Goodridge's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.