Hopkins, MN
Population 18,696 · Minnesota
About Hopkins, MN
Hopkins is a mid-sized city located in Minnesota with a population of 18,696 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,170 per year, which is 5% below the national median of $75,149. The median age of 38.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hopkins features a median home value of $350,100, which is 43% above the national median of $244,900. This positions Hopkins in a moderately priced market relative to the rest of the country. Median monthly rent is $1,346, 16% above the national average of $1,163/month. Of the 10,105 total housing units, 37% are owner-occupied (3,554 units) and 63% are renter-occupied (5,969 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Hopkins shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 10.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hopkins have an average one-way commute time of 18.9 minutes, one of the shorter commutes in the region.
Education & Demographics
47.0% of Hopkins residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.9% White, 1.6% Hispanic or Latino, 0.0% Black or African American, and 1.6% Asian residents, with 13.4% of the population being foreign-born.
Cost of Living in Hopkins, MN
Compared to national averages, Hopkins has a median household income of $71,170 (5% below the national median of $75,149). Home values average $350,100, which is 43% above the national median. Monthly rent at $1,346 is 16% above the US average of $1,163. Within Minnesota, Hopkins's income is 4% below the state average of $74,221, and home values are 71% above the state median of $204,472.
Why Live in Hopkins, MN?
Hopkins offers a well-educated community where 47.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.0%, better than the national average, and short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($71,170) that falls below the national average. However, Hopkins’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopkins has a population of 18,696 with a median age of 38.1 years. Compare Hopkins with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Hopkins
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Albert Lea | 18,379 | $62,522 | $150,400 | Compare |
| St. Michael | 19,267 | $130,814 | $365,800 | Compare |
| Stillwater | 19,323 | $109,297 | $398,100 | Compare |
| Anoka | 17,941 | $75,262 | $292,900 | Compare |
| Sartell | 19,620 | $77,465 | $278,000 | Compare |
| South St. Paul | 20,633 | $84,472 | $266,800 | Compare |
| Forest Lake | 20,678 | $89,879 | $375,900 | Compare |
| Northfield | 20,678 | $92,000 | $305,300 | 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 Hopkins With Other Cities
Frequently Asked Questions about Hopkins
What is the population of Hopkins, MN?
The population of Hopkins, MN is 18,696 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 Hopkins?
The median household income in Hopkins, MN is $71,170 per year, which is 5% below the national median of $75,149.
What is the median home value in Hopkins?
The median home value in Hopkins, MN is $350,100, which is 43% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Hopkins?
The median monthly rent in Hopkins, MN is $1,346, which is 16% above the national average of $1,163/month.
What is the unemployment rate in Hopkins?
The unemployment rate in Hopkins, MN is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hopkins, MN a good place to live?
Hopkins offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 18,696 and a median age of 38.1, the city appeals to a broad range of residents.
How educated is Hopkins, MN?
47.0% of residents in Hopkins 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 Hopkins?
Key cost-of-living indicators for Hopkins, MN: median home value is $350,100 (43% above national), median rent is $1,346/month, and median household income is $71,170. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Hopkins?
The poverty rate in Hopkins, MN is 10.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hopkins, MN?
Hopkins's population is 3.9% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 1.6% Asian, and 19.7% two or more races. 13.4% of residents are foreign-born.