Luverne, MN
Population 4,907 · Minnesota
About Luverne, MN
Luverne is a small town located in Minnesota with a population of 4,907 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,145 per year, which is 12% below the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Luverne features a median home value of $181,100, which is 26% below the national median of $244,900. This positions Luverne in a moderately priced market relative to the rest of the country. Median monthly rent is $718, 38% below the national average of $1,163/month. Of the 2,203 total housing units, 71% are owner-occupied (1,467 units) and 29% are renter-occupied (609 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Luverne shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Luverne have an average one-way commute time of 17.8 minutes, one of the shorter commutes in the region.
Education & Demographics
29.9% of Luverne residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.6% White, 0.8% Hispanic or Latino, 0.3% Black or African American, and 2.4% Asian residents, with 2.1% of the population being foreign-born.
Cost of Living in Luverne, MN
Compared to national averages, Luverne has a median household income of $66,145 (12% below the national median of $75,149). Home values average $181,100, which is 26% below the national median. Monthly rent at $718 is 38% below the US average of $1,163. Within Minnesota, Luverne's income is 11% below the state average of $74,221, and home values are 11% below the state median of $204,472.
Why Live in Luverne, MN?
Luverne offers affordable housing with a median home value of $181,100, below the US average of $244,900, and rent that’s lower than the national average at $718/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features a low poverty rate of 9.6%, better than the national average, and short commute times averaging just 17.8 minutes.
Potential considerations include median household income ($66,145) that falls below the national average. However, Luverne’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Luverne has a population of 4,907 with a median age of 38.2 years. Compare Luverne with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Luverne
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elko New Market | 4,915 | $147,381 | $407,400 | Compare |
| Lindstrom | 4,933 | $99,844 | $336,800 | Compare |
| Becker | 4,958 | $90,188 | $257,600 | Compare |
| Circle Pines | 4,980 | $96,477 | $277,300 | Compare |
| Princeton | 4,988 | $52,450 | $212,200 | Compare |
| Lake City | 5,021 | $76,125 | $234,100 | Compare |
| Lonsdale | 4,789 | $91,719 | $327,100 | Compare |
| Windom | 4,786 | $67,813 | $158,000 | 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.
Compare Luverne With Other Cities
Frequently Asked Questions about Luverne
What is the population of Luverne, MN?
The population of Luverne, MN is 4,907 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Luverne?
The median household income in Luverne, MN is $66,145 per year, which is 12% below the national median of $75,149.
What is the median home value in Luverne?
The median home value in Luverne, MN is $181,100, which is 26% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Luverne?
The median monthly rent in Luverne, MN is $718, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Luverne?
The unemployment rate in Luverne, MN is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Luverne, MN a good place to live?
Luverne offers a moderate cost of living, affordable housing, and a strong job market. With a population of 4,907 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Luverne, MN?
29.9% of residents in Luverne 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 Luverne?
Key cost-of-living indicators for Luverne, MN: median home value is $181,100 (26% below national), median rent is $718/month, and median household income is $66,145. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Luverne?
The poverty rate in Luverne, MN is 9.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Luverne, MN?
Luverne's population is 0.6% White, 0.8% Hispanic or Latino, 0.3% Black or African American, 2.4% Asian, and 0.0% two or more races. 2.1% of residents are foreign-born.