Nicollet, MN
Population 966 · Minnesota
About Nicollet, MN
Nicollet is a small community located in Minnesota with a population of 966 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,500 per year, which is 7% above the national median of $75,149. The median age of 31.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Nicollet features a median home value of $214,100, which is 13% below the national median of $244,900. This positions Nicollet in a moderately priced market relative to the rest of the country. Median monthly rent is $862, 26% below the national average of $1,163/month. Of the 405 total housing units, 63% are owner-occupied (247 units) and 37% are renter-occupied (147 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Nicollet shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Nicollet have an average one-way commute time of 18.6 minutes, one of the shorter commutes in the region.
Education & Demographics
18.2% of Nicollet 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 5.7% White, 1.9% Hispanic or Latino, 0.0% Black or African American, and 2.2% Asian residents, with 2.9% of the population being foreign-born.
How Nicollet Ranks in Minnesota
Cost of Living in Nicollet, MN
Compared to national averages, Nicollet has a median household income of $80,500 (7% above the national median of $75,149). Home values average $214,100, which is 13% below the national median. Monthly rent at $862 is 26% below the US average of $1,163. Within Minnesota, Nicollet's income is 8% above the state average of $74,221, and home values are 5% above the state median of $204,472.
Why Live in Nicollet, MN?
Nicollet offers a strong local economy with a median household income of $80,500, well above the national average, and affordable housing with a median home value of $214,100, below the US average of $244,900, and rent that’s lower than the national average at $862/month. Additionally, the city features a strong job market with an unemployment rate of just 0.8%, and a low poverty rate of 8.7%, better than the national average, and short commute times averaging just 18.6 minutes.
Nicollet has a population of 966 with a median age of 31.8 years. Compare Nicollet with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Nicollet
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bird Island | 964 | $71,190 | $114,600 | Compare |
| Birchwood Village | 960 | $156,653 | $461,800 | Compare |
| Welcome | 977 | $55,357 | $91,300 | Compare |
| Grand Meadow | 954 | $68,750 | $169,100 | Compare |
| Morristown | 982 | $74,479 | $175,600 | Compare |
| Mazeppa | 948 | $88,929 | $231,200 | Compare |
| Sherburn | 946 | $63,026 | $97,900 | Compare |
| Henderson | 933 | $88,750 | $207,800 | 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 Nicollet With Other Cities
Frequently Asked Questions about Nicollet
What is the population of Nicollet, MN?
The population of Nicollet, MN is 966 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 Nicollet?
The median household income in Nicollet, MN is $80,500 per year, which is 7% above the national median of $75,149.
What is the median home value in Nicollet?
The median home value in Nicollet, MN is $214,100, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nicollet?
The median monthly rent in Nicollet, MN is $862, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Nicollet?
The unemployment rate in Nicollet, MN is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Nicollet, MN a good place to live?
Nicollet offers above-average incomes, affordable housing, and a strong job market. With a population of 966 and a median age of 31.8, the city appeals to young professionals and families.
How educated is Nicollet, MN?
18.2% of residents in Nicollet 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 Nicollet?
Key cost-of-living indicators for Nicollet, MN: median home value is $214,100 (13% below national), median rent is $862/month, and median household income is $80,500. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nicollet?
The poverty rate in Nicollet, MN is 8.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Nicollet, MN?
Nicollet's population is 5.7% White, 1.9% Hispanic or Latino, 0.0% Black or African American, 2.2% Asian, and 2.7% two or more races. 2.9% of residents are foreign-born.