Nashwauk, MN
Population 1,035 · Minnesota
About Nashwauk, MN
Nashwauk is a small town located in Minnesota with a population of 1,035 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,533 per year, which is 22% below the national median of $75,149. The median age of 45.9 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 Nashwauk features a median home value of $102,400, which is 58% below the national median of $244,900. This makes Nashwauk one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $697, 40% below the national average of $1,163/month. Of the 561 total housing units, 78% are owner-occupied (355 units) and 22% are renter-occupied (98 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nashwauk shows an unemployment rate of 7.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Nashwauk have an average one-way commute time of 22.2 minutes.
Education & Demographics
9.0% of Nashwauk 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 0.4% White, 3.3% Hispanic or Latino, 0.0% Black or African American, and 1.8% Asian residents, with 1.9% of the population being foreign-born.
Cost of Living in Nashwauk, MN
Compared to national averages, Nashwauk has a median household income of $58,533 (22% below the national median of $75,149). Home values average $102,400, which is 58% below the national median. Monthly rent at $697 is 40% below the US average of $1,163. Within Minnesota, Nashwauk's income is 21% below the state average of $74,221, and home values are 50% below the state median of $204,472.
Why Live in Nashwauk, MN?
Nashwauk offers affordable housing with a median home value of $102,400, below the US average of $244,900, and rent that’s lower than the national average at $697/month, and a low poverty rate of 10.9%, better than the national average. Additionally, the city features short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($58,533) that falls below the national average. However, Nashwauk’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nashwauk has a population of 1,035 with a median age of 45.9 years. Compare Nashwauk with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Nashwauk
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tyler | 1,019 | $60,417 | $143,300 | Compare |
| Hilltop | 1,056 | $47,708 | $24,600 | Compare |
| Buhl | 1,013 | $58,179 | $115,700 | Compare |
| Mantorville | 1,003 | $117,750 | $280,600 | Compare |
| New Richland | 1,068 | $62,841 | $133,000 | Compare |
| Little Rock | 1,075 | $51,719 | $34,100 | Compare |
| Eden Valley | 1,077 | $62,188 | $150,800 | Compare |
| Scanlon | 1,087 | $75,833 | $221,500 | 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 Nashwauk With Other Cities
Frequently Asked Questions about Nashwauk
What is the population of Nashwauk, MN?
The population of Nashwauk, MN is 1,035 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 Nashwauk?
The median household income in Nashwauk, MN is $58,533 per year, which is 22% below the national median of $75,149.
What is the median home value in Nashwauk?
The median home value in Nashwauk, MN is $102,400, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nashwauk?
The median monthly rent in Nashwauk, MN is $697, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Nashwauk?
The unemployment rate in Nashwauk, MN is 7.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Nashwauk, MN a good place to live?
Nashwauk offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,035 and a median age of 45.9, the city appeals to established professionals and retirees.
How educated is Nashwauk, MN?
9.0% of residents in Nashwauk 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 Nashwauk?
Key cost-of-living indicators for Nashwauk, MN: median home value is $102,400 (58% below national), median rent is $697/month, and median household income is $58,533. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nashwauk?
The poverty rate in Nashwauk, MN is 10.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Nashwauk, MN?
Nashwauk's population is 0.4% White, 3.3% Hispanic or Latino, 0.0% Black or African American, 1.8% Asian, and 1.5% two or more races. 1.9% of residents are foreign-born.