Kensington, MN
Population 267 · Minnesota
About Kensington, MN
Kensington is a small community located in Minnesota with a population of 267 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,125 per year, which is 36% below the national median of $75,149. The median age of 42.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Kensington features a median home value of $96,500, which is 61% below the national median of $244,900. This makes Kensington one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 139 total housing units, 82% are owner-occupied (109 units) and 18% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Kensington shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 13.1%, above the national average of 12.4%. Workers in Kensington have an average one-way commute time of 24.8 minutes.
Education & Demographics
11.9% of Kensington 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 0.7% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 1.5% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Kensington, MN
Compared to national averages, Kensington has a median household income of $48,125 (36% below the national median of $75,149). Home values average $96,500, which is 61% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Kensington's income is 35% below the state average of $74,221, and home values are 53% below the state median of $204,472.
Why Live in Kensington, MN?
Kensington offers affordable housing with a median home value of $96,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 24.8 minutes.
Potential considerations include median household income ($48,125) that falls below the national average. However, Kensington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Kensington has a population of 267 with a median age of 42.5 years. Compare Kensington with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Kensington
What is the population of Kensington, MN?
The population of Kensington, MN is 267 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 Kensington?
The median household income in Kensington, MN is $48,125 per year, which is 36% below the national median of $75,149.
What is the median home value in Kensington?
The median home value in Kensington, MN is $96,500, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Kensington?
The median monthly rent in Kensington, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Kensington?
The unemployment rate in Kensington, 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 Kensington, MN a good place to live?
Kensington offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 267 and a median age of 42.5, the city appeals to a broad range of residents.
How educated is Kensington, MN?
11.9% of residents in Kensington 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 Kensington?
Key cost-of-living indicators for Kensington, MN: median home value is $96,500 (61% below national), median rent is $0/month, and median household income is $48,125. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Kensington?
The poverty rate in Kensington, MN is 13.1%, 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 Kensington, MN?
Kensington's population is 0.7% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 1.5% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.