Greenfield, MN
Population 2,897 · Minnesota
About Greenfield, MN
Greenfield is a small community in Minnesota with a population of 2,897 residents. The median household income is $147,184 per year, which is above the national average. The median age in Greenfield is 44.8 years.
Housing in Greenfield has a median home value of $524,300 and median monthly rent of $1,083. Of the 1,026 total housing units, the majority are owner-occupied, with 1,001 owner-occupied and 21 renter-occupied units.
The unemployment rate in Greenfield is 0.3% and the poverty rate is 1.1%. 49.8% of residents hold a bachelor's degree or higher. The average commute time is 35.7 minutes.
How Greenfield Ranks in Minnesota
Cost of Living in Greenfield, MN
Compared to national averages, Greenfield has a median household income of $147,184 (96% above the national median of $75,149). Home values average $524,300, which is 114% above the national median. Monthly rent at $1,083 is 7% below the US average of $1,163. Within Minnesota, Greenfield's income is 98% above the state average of $74,221, and home values are 156% above the state median of $204,472.
Why Live in Greenfield, MN?
Greenfield offers a strong local economy with a median household income of $147,184, well above the national average, and rent that’s lower than the national average at $1,083/month, and a strong job market with an unemployment rate of just 0.3%. Additionally, the city features a well-educated community where 49.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $524,300. However, Greenfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Greenfield has a population of 2,897 with a median age of 44.8 years. Compare Greenfield with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Greenfield
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mountain Iron | 2,865 | $81,607 | $180,700 | Compare |
| Dodge Center | 2,864 | $77,552 | $175,900 | Compare |
| Afton | 2,944 | $129,956 | $655,400 | Compare |
| Caledonia | 2,825 | $69,792 | $148,500 | Compare |
| Albany | 2,800 | $75,417 | $226,000 | Compare |
| Cokato | 2,780 | $71,090 | $216,100 | Compare |
| Milaca | 3,033 | $49,063 | $184,900 | 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 Greenfield With Other Cities
Frequently Asked Questions about Greenfield
What is the population of Greenfield, MN?
The population of Greenfield, MN is 2,897 according to the latest Census data.
What is the median household income in Greenfield?
The median household income in Greenfield, MN is $147,184 per year.
What is the median home value in Greenfield?
The median home value in Greenfield, MN is $524,300.
What is the average rent in Greenfield?
The median monthly rent in Greenfield, MN is $1,083.
What is the unemployment rate in Greenfield?
The unemployment rate in Greenfield, MN is 0.3%.