Okabena, MN
Population 200 · Minnesota
About Okabena, MN
Okabena is a small community located in Minnesota with a population of 200 residents according to the latest US Census Bureau American Community Survey data. The median household income is $98,750 per year, which is 31% above the national median of $75,149. The median age of 49.4 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 Okabena features a median home value of $99,300, which is 59% below the national median of $244,900. This makes Okabena one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,083, 7% below the national average of $1,163/month. Of the 89 total housing units, 94% are owner-occupied (81 units) and 6% are renter-occupied (5 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Okabena shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Okabena have an average one-way commute time of 25.7 minutes.
Education & Demographics
35.0% of Okabena 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 0.5% White, 9.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 8.0% of the population being foreign-born.
Cost of Living in Okabena, MN
Compared to national averages, Okabena has a median household income of $98,750 (31% above the national median of $75,149). Home values average $99,300, which is 59% below the national median. Monthly rent at $1,083 is 7% below the US average of $1,163. Within Minnesota, Okabena's income is 33% above the state average of $74,221, and home values are 51% below the state median of $204,472.
Why Live in Okabena, MN?
Okabena offers a strong local economy with a median household income of $98,750, well above the national average, and affordable housing with a median home value of $99,300, below the US average of $244,900, and rent that’s lower than the national average at $1,083/month. Additionally, the city features a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 35.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.0%, better than the national average.
Okabena has a population of 200 with a median age of 49.4 years. Compare Okabena 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 Okabena
What is the population of Okabena, MN?
The population of Okabena, MN is 200 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 Okabena?
The median household income in Okabena, MN is $98,750 per year, which is 31% above the national median of $75,149.
What is the median home value in Okabena?
The median home value in Okabena, MN is $99,300, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Okabena?
The median monthly rent in Okabena, MN is $1,083, which is 7% below the national average of $1,163/month.
What is the unemployment rate in Okabena?
The unemployment rate in Okabena, MN is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Okabena, MN a good place to live?
Okabena offers above-average incomes, affordable housing, and a strong job market. With a population of 200 and a median age of 49.4, the city appeals to established professionals and retirees.
How educated is Okabena, MN?
35.0% of residents in Okabena 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 Okabena?
Key cost-of-living indicators for Okabena, MN: median home value is $99,300 (59% below national), median rent is $1,083/month, and median household income is $98,750. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Okabena?
The poverty rate in Okabena, MN is 9.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Okabena, MN?
Okabena's population is 0.5% White, 9.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 8.0% of residents are foreign-born.