Leonard, MN
Population 20 · Minnesota
About Leonard, MN
Leonard is a small community located in Minnesota with a population of 20 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,125 per year, which is 3% below the national median of $75,149. The median age of 46.5 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 Leonard features a median home value of $106,300, which is 57% below the national median of $244,900. This makes Leonard 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 17 total housing units, 78% are owner-occupied (7 units) and 22% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Leonard shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Leonard have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Leonard 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Leonard, MN
Compared to national averages, Leonard has a median household income of $73,125 (3% below the national median of $75,149). Home values average $106,300, which is 57% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Leonard's income is 1% below the state average of $74,221, and home values are 48% below the state median of $204,472.
Why Live in Leonard, MN?
Leonard offers affordable housing with a median home value of $106,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($73,125) that falls below the national average. However, Leonard’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Leonard has a population of 20 with a median age of 46.5 years. Compare Leonard with other cities to see how it stacks up, or explore all cities in Minnesota.
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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 Leonard
What is the population of Leonard, MN?
The population of Leonard, MN is 20 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 Leonard?
The median household income in Leonard, MN is $73,125 per year, which is 3% below the national median of $75,149.
What is the median home value in Leonard?
The median home value in Leonard, MN is $106,300, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Leonard?
The median monthly rent in Leonard, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Leonard?
The unemployment rate in Leonard, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Leonard, MN a good place to live?
Leonard offers a moderate cost of living, affordable housing, and a strong job market. With a population of 20 and a median age of 46.5, the city appeals to established professionals and retirees.
How educated is Leonard, MN?
0.0% of residents in Leonard 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 Leonard?
Key cost-of-living indicators for Leonard, MN: median home value is $106,300 (57% below national), median rent is $0/month, and median household income is $73,125. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Leonard?
The poverty rate in Leonard, MN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Leonard, MN?
Leonard's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.