Oslo, MN
Population 297 · Minnesota
About Oslo, MN
Oslo is a small community located in Minnesota with a population of 297 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,250 per year, which is 1% above the national median of $75,149. The median age of 32.3 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 Oslo features a median home value of $101,800, which is 58% below the national median of $244,900. This makes Oslo 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 127 total housing units, 85% are owner-occupied (97 units) and 15% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oslo shows an unemployment rate of 0.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oslo have an average one-way commute time of 32.3 minutes.
Education & Demographics
10.9% of Oslo 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 28.6% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 7.1% Asian residents, with 6.1% of the population being foreign-born.
How Oslo Ranks in Minnesota
Cost of Living in Oslo, MN
Compared to national averages, Oslo has a median household income of $76,250 (1% above the national median of $75,149). Home values average $101,800, which is 58% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Oslo's income is 3% above the state average of $74,221, and home values are 50% below the state median of $204,472.
Why Live in Oslo, MN?
Oslo offers a strong local economy with a median household income of $76,250, well above the national average, and affordable housing with a median home value of $101,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.7%, and a low poverty rate of 1.3%, better than the national average.
Oslo has a population of 297 with a median age of 32.3 years. Compare Oslo with other cities to see how it stacks up, or explore all cities in Minnesota.
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Cities in Minnesota with a similar population size.
Demographics
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Economy & Education
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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 Oslo
What is the population of Oslo, MN?
The population of Oslo, MN is 297 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 Oslo?
The median household income in Oslo, MN is $76,250 per year, which is 1% above the national median of $75,149.
What is the median home value in Oslo?
The median home value in Oslo, MN is $101,800, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oslo?
The median monthly rent in Oslo, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Oslo?
The unemployment rate in Oslo, MN is 0.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Oslo, MN a good place to live?
Oslo offers above-average incomes, affordable housing, and a strong job market. With a population of 297 and a median age of 32.3, the city appeals to young professionals and families.
How educated is Oslo, MN?
10.9% of residents in Oslo 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 Oslo?
Key cost-of-living indicators for Oslo, MN: median home value is $101,800 (58% below national), median rent is $0/month, and median household income is $76,250. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oslo?
The poverty rate in Oslo, MN is 1.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oslo, MN?
Oslo's population is 28.6% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 7.1% Asian, and 0.0% two or more races. 6.1% of residents are foreign-born.