Loretto, MN
Population 805 · Minnesota
About Loretto, MN
Loretto is a small community in Minnesota with a population of 805 residents. The median household income is $110,833 per year, which is above the national average. The median age in Loretto is 35.6 years.
Housing in Loretto has a median home value of $350,600 and median monthly rent of $888. Of the 290 total housing units, the majority are owner-occupied, with 235 owner-occupied and 49 renter-occupied units.
The unemployment rate in Loretto is 1.4% and the poverty rate is 8.7%. 47.6% of residents hold a bachelor's degree or higher. The average commute time is 29.8 minutes.
Cost of Living in Loretto, MN
Compared to national averages, Loretto has a median household income of $110,833 (47% above the national median of $75,149). Home values average $350,600, which is 43% above the national median. Monthly rent at $888 is 24% below the US average of $1,163. Within Minnesota, Loretto's income is 49% above the state average of $74,221, and home values are 71% above the state median of $204,472.
Why Live in Loretto, MN?
Loretto offers a strong local economy with a median household income of $110,833, well above the national average, and rent that’s lower than the national average at $888/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a well-educated community where 47.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.7%, better than the national average.
Loretto has a population of 805 with a median age of 35.6 years. Compare Loretto with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Loretto
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lanesboro | 804 | $80,000 | $186,900 | Compare |
| Landfall | 802 | $39,938 | $26,300 | Compare |
| Watkins | 797 | $50,875 | $136,800 | Compare |
| Battle Lake | 794 | $58,125 | $221,000 | Compare |
| Hancock | 816 | $69,712 | $79,600 | Compare |
| Le Roy | 790 | $51,250 | $106,400 | Compare |
| St. Clair | 785 | $101,375 | $200,800 | Compare |
| Kerkhoven | 826 | $73,750 | $155,600 | 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 Loretto
What is the population of Loretto, MN?
The population of Loretto, MN is 805 according to the latest Census data.
What is the median household income in Loretto?
The median household income in Loretto, MN is $110,833 per year.
What is the median home value in Loretto?
The median home value in Loretto, MN is $350,600.
What is the average rent in Loretto?
The median monthly rent in Loretto, MN is $888.
What is the unemployment rate in Loretto?
The unemployment rate in Loretto, MN is 1.4%.