Karlstad, MN
Population 622 · Minnesota
About Karlstad, MN
Karlstad is a small community in Minnesota with a population of 622 residents. The median household income is $61,324 per year, which is near the national average. The median age in Karlstad is 49.7 years.
Housing in Karlstad has a median home value of $120,300 and median monthly rent of $650. Of the 350 total housing units, the majority are owner-occupied, with 188 owner-occupied and 82 renter-occupied units.
The unemployment rate in Karlstad is 0.7% and the poverty rate is 11.8%. 36.7% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
How Karlstad Ranks in Minnesota
Cost of Living in Karlstad, MN
Compared to national averages, Karlstad has a median household income of $61,324 (18% below the national median of $75,149). Home values average $120,300, which is 51% below the national median. Monthly rent at $650 is 44% below the US average of $1,163. Within Minnesota, Karlstad's income is 17% below the state average of $74,221, and home values are 41% below the state median of $204,472.
Why Live in Karlstad, MN?
Karlstad offers affordable housing with a median home value of $120,300, below the US average of $244,900, and rent that’s lower than the national average at $650/month, and a strong job market with an unemployment rate of just 0.7%. Additionally, the city features a well-educated community where 36.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.8%, better than the national average.
Potential considerations include median household income ($61,324) that falls below the national average. However, Karlstad’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Karlstad has a population of 622 with a median age of 49.7 years. Compare Karlstad with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Karlstad
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cleveland | 622 | $83,281 | $204,200 | Compare |
| Clear Lake | 621 | $105,000 | $255,800 | Compare |
| La Prairie | 621 | $75,192 | $202,300 | Compare |
| Minnesota Lake | 621 | $62,875 | $126,600 | Compare |
| Brownsville | 624 | $63,977 | $161,600 | Compare |
| Eagle Bend | 620 | $48,924 | $96,700 | Compare |
| Ellendale | 626 | $80,417 | $150,000 | Compare |
| Ivanhoe | 627 | $54,583 | $65,500 | 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 Karlstad
What is the population of Karlstad, MN?
The population of Karlstad, MN is 622 according to the latest Census data.
What is the median household income in Karlstad?
The median household income in Karlstad, MN is $61,324 per year.
What is the median home value in Karlstad?
The median home value in Karlstad, MN is $120,300.
What is the average rent in Karlstad?
The median monthly rent in Karlstad, MN is $650.
What is the unemployment rate in Karlstad?
The unemployment rate in Karlstad, MN is 0.7%.