Greenwald, MN
Population 221 · Minnesota
About Greenwald, MN
Greenwald is a small community located in Minnesota with a population of 221 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,083 per year, which is 11% below the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Greenwald features a median home value of $137,500, which is 44% below the national median of $244,900. This makes Greenwald 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 92 total housing units, 91% are owner-occupied (84 units) and 9% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Greenwald 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 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Greenwald have an average one-way commute time of 20.1 minutes.
Education & Demographics
14.1% of Greenwald 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 Greenwald Ranks in Minnesota
Cost of Living in Greenwald, MN
Compared to national averages, Greenwald has a median household income of $67,083 (11% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Greenwald's income is 10% below the state average of $74,221, and home values are 33% below the state median of $204,472.
Why Live in Greenwald, MN?
Greenwald offers affordable housing with a median home value of $137,500, 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 5.0%, better than the national average, and short commute times averaging just 20.1 minutes.
Potential considerations include median household income ($67,083) that falls below the national average. However, Greenwald’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Greenwald has a population of 221 with a median age of 38.8 years. Compare Greenwald 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 Greenwald
What is the population of Greenwald, MN?
The population of Greenwald, MN is 221 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 Greenwald?
The median household income in Greenwald, MN is $67,083 per year, which is 11% below the national median of $75,149.
What is the median home value in Greenwald?
The median home value in Greenwald, MN is $137,500, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Greenwald?
The median monthly rent in Greenwald, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Greenwald?
The unemployment rate in Greenwald, 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 Greenwald, MN a good place to live?
Greenwald offers a moderate cost of living, affordable housing, and a strong job market. With a population of 221 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Greenwald, MN?
14.1% of residents in Greenwald 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 Greenwald?
Key cost-of-living indicators for Greenwald, MN: median home value is $137,500 (44% below national), median rent is $0/month, and median household income is $67,083. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Greenwald?
The poverty rate in Greenwald, MN is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Greenwald, MN?
Greenwald'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.