Myrtle, MN
Population 40 · Minnesota
About Myrtle, MN
Myrtle is a small community located in Minnesota with a population of 40 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,125 per year, which is 16% below the national median of $75,149. The median age of 42 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 Myrtle features a median home value of $56,700, which is 77% below the national median of $244,900. This makes Myrtle 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 13 total housing units, 77% are owner-occupied (10 units) and 23% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Myrtle 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 Myrtle have an average one-way commute time of 27.6 minutes.
Education & Demographics
24.0% of Myrtle 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 0.0% 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.
How Myrtle Ranks in Minnesota
Cost of Living in Myrtle, MN
Compared to national averages, Myrtle has a median household income of $63,125 (16% below the national median of $75,149). Home values average $56,700, which is 77% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Myrtle's income is 15% below the state average of $74,221, and home values are 72% below the state median of $204,472.
Why Live in Myrtle, MN?
Myrtle offers affordable housing with a median home value of $56,700, 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.
Potential considerations include median household income ($63,125) that falls below the national average. However, Myrtle’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Myrtle has a population of 40 with a median age of 42 years. Compare Myrtle 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 Myrtle
What is the population of Myrtle, MN?
The population of Myrtle, MN is 40 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 Myrtle?
The median household income in Myrtle, MN is $63,125 per year, which is 16% below the national median of $75,149.
What is the median home value in Myrtle?
The median home value in Myrtle, MN is $56,700, which is 77% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Myrtle?
The median monthly rent in Myrtle, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Myrtle?
The unemployment rate in Myrtle, 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 Myrtle, MN a good place to live?
Myrtle offers a moderate cost of living, affordable housing, and a strong job market. With a population of 40 and a median age of 42, the city appeals to a broad range of residents.
How educated is Myrtle, MN?
24.0% of residents in Myrtle 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 Myrtle?
Key cost-of-living indicators for Myrtle, MN: median home value is $56,700 (77% below national), median rent is $0/month, and median household income is $63,125. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Myrtle?
The poverty rate in Myrtle, 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 Myrtle, MN?
Myrtle'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.