Hermantown, MN
Population 10,192 · Minnesota
About Hermantown, MN
Hermantown is a mid-sized city located in Minnesota with a population of 10,192 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,026 per year, which is 22% above the national median of $75,149. The median age of 37.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hermantown features a median home value of $374,000, which is 53% above the national median of $244,900. This places Hermantown in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,375, 18% above the national average of $1,163/month. Of the 3,878 total housing units, 75% are owner-occupied (2,806 units) and 25% are renter-occupied (935 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hermantown shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hermantown have an average one-way commute time of 18.6 minutes, one of the shorter commutes in the region.
Education & Demographics
39.8% of Hermantown 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 0.5% White, 1.4% Hispanic or Latino, 0.1% Black or African American, and 2.5% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Hermantown, MN
Compared to national averages, Hermantown has a median household income of $92,026 (22% above the national median of $75,149). Home values average $374,000, which is 53% above the national median. Monthly rent at $1,375 is 18% above the US average of $1,163. Within Minnesota, Hermantown's income is 24% above the state average of $74,221, and home values are 83% above the state median of $204,472.
Why Live in Hermantown, MN?
Hermantown offers a strong local economy with a median household income of $92,026, well above the national average, and a strong job market with an unemployment rate of just 1.8%, and a well-educated community where 39.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.1%, better than the national average, and short commute times averaging just 18.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $374,000. However, Hermantown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hermantown has a population of 10,192 with a median age of 37.8 years. Compare Hermantown with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Hermantown
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fairmont | 10,348 | $59,228 | $168,800 | Compare |
| Detroit Lakes | 10,002 | $62,123 | $246,200 | Compare |
| Cambridge | 9,992 | $67,632 | $234,800 | Compare |
| Little Canada | 10,546 | $71,370 | $302,600 | Compare |
| Arden Hills | 9,737 | $128,668 | $423,800 | Compare |
| St. Anthony city (Hennepin and Ramsey Counties), Minnesota | 9,516 | $97,784 | $365,700 | Compare |
| Victoria | 10,972 | $192,821 | $572,800 | Compare |
| Waseca | 9,209 | $61,546 | $185,600 | 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 Hermantown With Other Cities
Frequently Asked Questions about Hermantown
What is the population of Hermantown, MN?
The population of Hermantown, MN is 10,192 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 Hermantown?
The median household income in Hermantown, MN is $92,026 per year, which is 22% above the national median of $75,149.
What is the median home value in Hermantown?
The median home value in Hermantown, MN is $374,000, which is 53% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hermantown?
The median monthly rent in Hermantown, MN is $1,375, which is 18% above the national average of $1,163/month.
What is the unemployment rate in Hermantown?
The unemployment rate in Hermantown, MN is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hermantown, MN a good place to live?
Hermantown offers above-average incomes, a competitive housing market, and a strong job market. With a population of 10,192 and a median age of 37.8, the city appeals to a broad range of residents.
How educated is Hermantown, MN?
39.8% of residents in Hermantown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hermantown?
Key cost-of-living indicators for Hermantown, MN: median home value is $374,000 (53% above national), median rent is $1,375/month, and median household income is $92,026. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Hermantown?
The poverty rate in Hermantown, MN is 5.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hermantown, MN?
Hermantown's population is 0.5% White, 1.4% Hispanic or Latino, 0.1% Black or African American, 2.5% Asian, and 1.9% two or more races. 1.3% of residents are foreign-born.