Independence, MN
Population 3,695 · Minnesota
About Independence, MN
Independence is a small community in Minnesota with a population of 3,695 residents. The median household income is $194,205 per year, which is above the national average. The median age in Independence is 45.9 years.
Housing in Independence has a median home value of $757,800 and median monthly rent of $3,500. Of the 1,360 total housing units, the majority are owner-occupied, with 1,206 owner-occupied and 110 renter-occupied units.
The unemployment rate in Independence is 0.0% and the poverty rate is 0.5%. 62.9% of residents hold a bachelor's degree or higher. The average commute time is 26.1 minutes.
How Independence Ranks in Minnesota
Cost of Living in Independence, MN
Compared to national averages, Independence has a median household income of $194,205 (158% above the national median of $75,149). Home values average $757,800, which is 209% above the national median. Monthly rent at $3,500 is 201% above the US average of $1,163. Within Minnesota, Independence's income is 162% above the state average of $74,221, and home values are 271% above the state median of $204,472.
Why Live in Independence, MN?
Independence offers a strong local economy with a median household income of $194,205, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 62.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $757,800. However, Independence’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Independence has a population of 3,695 with a median age of 45.9 years. Compare Independence with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Independence
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pine Island | 3,693 | $91,612 | $324,700 | Compare |
| Long Prairie | 3,683 | $57,139 | $130,100 | Compare |
| Mora | 3,708 | $53,704 | $180,300 | Compare |
| Melrose | 3,608 | $58,107 | $198,300 | Compare |
| Two Harbors | 3,598 | $62,885 | $187,100 | Compare |
| Perham | 3,577 | $47,088 | $186,000 | Compare |
| St. Augusta | 3,576 | $116,384 | $323,400 | Compare |
| Deephaven | 3,835 | $175,441 | $854,000 | 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.
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Frequently Asked Questions about Independence
What is the population of Independence, MN?
The population of Independence, MN is 3,695 according to the latest Census data.
What is the median household income in Independence?
The median household income in Independence, MN is $194,205 per year.
What is the median home value in Independence?
The median home value in Independence, MN is $757,800.
What is the average rent in Independence?
The median monthly rent in Independence, MN is $3,500.
What is the unemployment rate in Independence?
The unemployment rate in Independence, MN is 0.0%.