Mahtomedi, MN
Population 8,108 · Minnesota
About Mahtomedi, MN
Mahtomedi is a small town located in Minnesota with a population of 8,108 residents according to the latest US Census Bureau American Community Survey data. The median household income is $132,326 per year, which is 76% above the national median of $75,149. The median age of 43.3 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 Mahtomedi features a median home value of $466,100, which is 90% above the national median of $244,900. This places Mahtomedi in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,608, 38% above the national average of $1,163/month. Of the 3,105 total housing units, 83% are owner-occupied (2,436 units) and 17% are renter-occupied (491 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mahtomedi shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mahtomedi have an average one-way commute time of 25 minutes.
Education & Demographics
62.6% of Mahtomedi residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 2.9% of the population being foreign-born.
How Mahtomedi Ranks in Minnesota
Cost of Living in Mahtomedi, MN
Compared to national averages, Mahtomedi has a median household income of $132,326 (76% above the national median of $75,149). Home values average $466,100, which is 90% above the national median. Monthly rent at $1,608 is 38% above the US average of $1,163. Within Minnesota, Mahtomedi's income is 78% above the state average of $74,221, and home values are 128% above the state median of $204,472.
Why Live in Mahtomedi, MN?
Mahtomedi offers a strong local economy with a median household income of $132,326, well above the national average, and a strong job market with an unemployment rate of just 2.7%, and a well-educated community where 62.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $466,100. However, Mahtomedi’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mahtomedi has a population of 8,108 with a median age of 43.3 years. Compare Mahtomedi with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Mahtomedi
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Albertville | 8,066 | $126,307 | $326,400 | Compare |
| Wyoming | 8,063 | $101,938 | $328,900 | Compare |
| New Prague | 8,195 | $98,424 | $323,500 | Compare |
| Orono | 8,205 | $181,875 | $952,400 | Compare |
| St. Francis | 8,279 | $101,875 | $297,800 | Compare |
| Waite Park | 8,341 | $56,884 | $217,000 | Compare |
| Virginia | 8,362 | $48,321 | $117,500 | Compare |
| Dayton | 8,381 | $137,383 | $510,600 | 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.
Compare Mahtomedi With Other Cities
Frequently Asked Questions about Mahtomedi
What is the population of Mahtomedi, MN?
The population of Mahtomedi, MN is 8,108 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 Mahtomedi?
The median household income in Mahtomedi, MN is $132,326 per year, which is 76% above the national median of $75,149.
What is the median home value in Mahtomedi?
The median home value in Mahtomedi, MN is $466,100, which is 90% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mahtomedi?
The median monthly rent in Mahtomedi, MN is $1,608, which is 38% above the national average of $1,163/month.
What is the unemployment rate in Mahtomedi?
The unemployment rate in Mahtomedi, MN is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Mahtomedi, MN a good place to live?
Mahtomedi offers above-average incomes, a competitive housing market, and a strong job market. With a population of 8,108 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Mahtomedi, MN?
62.6% of residents in Mahtomedi aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Mahtomedi?
Key cost-of-living indicators for Mahtomedi, MN: median home value is $466,100 (90% above national), median rent is $1,608/month, and median household income is $132,326. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Mahtomedi?
The poverty rate in Mahtomedi, MN is 3.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mahtomedi, MN?
Mahtomedi's population is 0.0% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.2% two or more races. 2.9% of residents are foreign-born.