Jasper, MN
Population 742 · Minnesota
About Jasper, MN
Jasper is a small community located in Minnesota with a population of 742 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,188 per year, which is 37% below the national median of $75,149. The median age of 35 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Jasper features a median home value of $72,700, which is 70% below the national median of $244,900. This makes Jasper one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $695, 40% below the national average of $1,163/month. Of the 339 total housing units, 86% are owner-occupied (259 units) and 14% are renter-occupied (42 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Jasper shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 22.7%, above the national average of 12.4%. Workers in Jasper have an average one-way commute time of 26.5 minutes.
Education & Demographics
11.6% of Jasper 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 20.6% White, 1.1% Hispanic or Latino, 1.2% Black or African American, and 0.8% Asian residents, with 14.6% of the population being foreign-born.
Cost of Living in Jasper, MN
Compared to national averages, Jasper has a median household income of $47,188 (37% below the national median of $75,149). Home values average $72,700, which is 70% below the national median. Monthly rent at $695 is 40% below the US average of $1,163. Within Minnesota, Jasper's income is 36% below the state average of $74,221, and home values are 64% below the state median of $204,472.
Why Live in Jasper, MN?
Jasper offers affordable housing with a median home value of $72,700, below the US average of $244,900, and rent that’s lower than the national average at $695/month, and a strong job market with an unemployment rate of just 1.7%.
Potential considerations include median household income ($47,188) that falls below the national average. However, Jasper’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Jasper has a population of 742 with a median age of 35 years. Compare Jasper with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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Economy & Education
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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 Jasper
What is the population of Jasper, MN?
The population of Jasper, MN is 742 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 Jasper?
The median household income in Jasper, MN is $47,188 per year, which is 37% below the national median of $75,149.
What is the median home value in Jasper?
The median home value in Jasper, MN is $72,700, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Jasper?
The median monthly rent in Jasper, MN is $695, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Jasper?
The unemployment rate in Jasper, MN is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Jasper, MN a good place to live?
Jasper offers a moderate cost of living, affordable housing, and a strong job market. With a population of 742 and a median age of 35, the city appeals to a broad range of residents.
How educated is Jasper, MN?
11.6% of residents in Jasper 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 Jasper?
Key cost-of-living indicators for Jasper, MN: median home value is $72,700 (70% below national), median rent is $695/month, and median household income is $47,188. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Jasper?
The poverty rate in Jasper, MN is 22.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Jasper, MN?
Jasper's population is 20.6% White, 1.1% Hispanic or Latino, 1.2% Black or African American, 0.8% Asian, and 1.5% two or more races. 14.6% of residents are foreign-born.