Hastings, MN
Population 22,050 · Minnesota
About Hastings, MN
Hastings is a mid-sized city located in Minnesota with a population of 22,050 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,940 per year, which is 24% above the national median of $75,149. The median age of 40.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hastings features a median home value of $294,100, which is 20% above the national median of $244,900. This positions Hastings in a moderately priced market relative to the rest of the country. Median monthly rent is $1,184, 2% above the national average of $1,163/month. Of the 9,178 total housing units, 74% are owner-occupied (6,613 units) and 26% are renter-occupied (2,304 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hastings shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 5.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hastings have an average one-way commute time of 25.7 minutes.
Education & Demographics
28.9% of Hastings residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.3% White, 2.9% Hispanic or Latino, 0.5% Black or African American, and 1.3% Asian residents, with 1.8% of the population being foreign-born.
How Hastings Ranks in Minnesota
Cost of Living in Hastings, MN
Compared to national averages, Hastings has a median household income of $92,940 (24% above the national median of $75,149). Home values average $294,100, which is 20% above the national median. Monthly rent at $1,184 is 2% above the US average of $1,163. Within Minnesota, Hastings's income is 25% above the state average of $74,221, and home values are 44% above the state median of $204,472.
Why Live in Hastings, MN?
Hastings offers a strong local economy with a median household income of $92,940, well above the national average, and a low poverty rate of 5.6%, better than the national average.
Hastings has a population of 22,050 with a median age of 40.8 years. Compare Hastings with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Hastings
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Columbia Heights | 22,016 | $74,688 | $259,900 | Compare |
| Golden Valley | 21,927 | $114,435 | $423,500 | Compare |
| Lino Lakes | 21,847 | $121,800 | $385,000 | Compare |
| Crystal | 22,685 | $86,752 | $280,500 | Compare |
| New Hope | 21,402 | $73,698 | $314,600 | Compare |
| Otsego | 21,358 | $127,219 | $367,200 | Compare |
| New Brighton | 22,900 | $87,272 | $345,900 | Compare |
| Willmar | 21,136 | $63,368 | $186,000 | 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 Hastings With Other Cities
Frequently Asked Questions about Hastings
What is the population of Hastings, MN?
The population of Hastings, MN is 22,050 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Minnesota.
What is the median household income in Hastings?
The median household income in Hastings, MN is $92,940 per year, which is 24% above the national median of $75,149.
What is the median home value in Hastings?
The median home value in Hastings, MN is $294,100, which is 20% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hastings?
The median monthly rent in Hastings, MN is $1,184, which is 2% above the national average of $1,163/month.
What is the unemployment rate in Hastings?
The unemployment rate in Hastings, MN is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hastings, MN a good place to live?
Hastings offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 22,050 and a median age of 40.8, the city appeals to a broad range of residents.
How educated is Hastings, MN?
28.9% of residents in Hastings 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 Hastings?
Key cost-of-living indicators for Hastings, MN: median home value is $294,100 (20% above national), median rent is $1,184/month, and median household income is $92,940. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hastings?
The poverty rate in Hastings, MN is 5.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hastings, MN?
Hastings's population is 3.3% White, 2.9% Hispanic or Latino, 0.5% Black or African American, 1.3% Asian, and 1.5% two or more races. 1.8% of residents are foreign-born.