North Oaks, MN
Population 5,175 · Minnesota
About North Oaks, MN
North Oaks is a small community in Minnesota with a population of 5,175 residents. The median household income is $235,858 per year, which is above the national average. The median age in North Oaks is 43.6 years.
Housing in North Oaks has a median home value of $756,300 and median monthly rent of $2,932. Of the 1,816 total housing units, the majority are owner-occupied, with 1,497 owner-occupied and 256 renter-occupied units.
The unemployment rate in North Oaks is 4.0% and the poverty rate is 4.5%. 72.4% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
How North Oaks Ranks in Minnesota
Cost of Living in North Oaks, MN
Compared to national averages, North Oaks has a median household income of $235,858 (214% above the national median of $75,149). Home values average $756,300, which is 209% above the national median. Monthly rent at $2,932 is 152% above the US average of $1,163. Within Minnesota, North Oaks's income is 218% above the state average of $74,221, and home values are 270% above the state median of $204,472.
Why Live in North Oaks, MN?
North Oaks offers a strong local economy with a median household income of $235,858, well above the national average, and a well-educated community where 72.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $756,300. However, North Oaks’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
North Oaks has a population of 5,175 with a median age of 43.6 years. Compare North Oaks with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near North Oaks
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Falcon Heights | 5,145 | $93,233 | $366,800 | Compare |
| Morris | 5,092 | $63,807 | $185,200 | Compare |
| La Crescent | 5,266 | $82,109 | $244,500 | Compare |
| Redwood Falls | 5,075 | $61,947 | $162,000 | Compare |
| Montevideo | 5,303 | $65,724 | $137,600 | Compare |
| Lake City | 5,021 | $76,125 | $234,100 | Compare |
| Princeton | 4,988 | $52,450 | $212,200 | Compare |
| Circle Pines | 4,980 | $96,477 | $277,300 | 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.
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Frequently Asked Questions about North Oaks
What is the population of North Oaks, MN?
The population of North Oaks, MN is 5,175 according to the latest Census data.
What is the median household income in North Oaks?
The median household income in North Oaks, MN is $235,858 per year.
What is the median home value in North Oaks?
The median home value in North Oaks, MN is $756,300.
What is the average rent in North Oaks?
The median monthly rent in North Oaks, MN is $2,932.
What is the unemployment rate in North Oaks?
The unemployment rate in North Oaks, MN is 4.0%.