Parkers Prairie, MN
Population 1,089 · Minnesota
About Parkers Prairie, MN
Parkers Prairie is a small town located in Minnesota with a population of 1,089 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,750 per year, which is 22% below the national median of $75,149. The median age of 46.8 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 Parkers Prairie features a median home value of $152,500, which is 38% below the national median of $244,900. This positions Parkers Prairie in a moderately priced market relative to the rest of the country. Median monthly rent is $736, 37% below the national average of $1,163/month. Of the 456 total housing units, 76% are owner-occupied (323 units) and 24% are renter-occupied (102 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Parkers Prairie shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 13.8%, above the national average of 12.4%. Workers in Parkers Prairie have an average one-way commute time of 25.4 minutes.
Education & Demographics
10.8% of Parkers Prairie 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 1.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Parkers Prairie, MN
Compared to national averages, Parkers Prairie has a median household income of $58,750 (22% below the national median of $75,149). Home values average $152,500, which is 38% below the national median. Monthly rent at $736 is 37% below the US average of $1,163. Within Minnesota, Parkers Prairie's income is 21% below the state average of $74,221, and home values are 25% below the state median of $204,472.
Why Live in Parkers Prairie, MN?
Parkers Prairie offers affordable housing with a median home value of $152,500, below the US average of $244,900, and rent that’s lower than the national average at $736/month.
Potential considerations include median household income ($58,750) that falls below the national average. However, Parkers Prairie’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parkers Prairie has a population of 1,089 with a median age of 46.8 years. Compare Parkers Prairie with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Parkers Prairie
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Harmony | 1,089 | $65,536 | $154,800 | Compare |
| Scanlon | 1,087 | $75,833 | $221,500 | Compare |
| Royalton | 1,092 | $64,643 | $201,500 | Compare |
| Eden Valley | 1,077 | $62,188 | $150,800 | Compare |
| Little Rock | 1,075 | $51,719 | $34,100 | Compare |
| Lake St. Croix Beach | 1,106 | $100,134 | $334,600 | Compare |
| New Richland | 1,068 | $62,841 | $133,000 | Compare |
| Hector | 1,111 | $59,762 | $124,100 | 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 Parkers Prairie With Other Cities
Frequently Asked Questions about Parkers Prairie
What is the population of Parkers Prairie, MN?
The population of Parkers Prairie, MN is 1,089 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 Parkers Prairie?
The median household income in Parkers Prairie, MN is $58,750 per year, which is 22% below the national median of $75,149.
What is the median home value in Parkers Prairie?
The median home value in Parkers Prairie, MN is $152,500, which is 38% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parkers Prairie?
The median monthly rent in Parkers Prairie, MN is $736, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Parkers Prairie?
The unemployment rate in Parkers Prairie, MN is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Parkers Prairie, MN a good place to live?
Parkers Prairie offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,089 and a median age of 46.8, the city appeals to established professionals and retirees.
How educated is Parkers Prairie, MN?
10.8% of residents in Parkers Prairie 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 Parkers Prairie?
Key cost-of-living indicators for Parkers Prairie, MN: median home value is $152,500 (38% below national), median rent is $736/month, and median household income is $58,750. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parkers Prairie?
The poverty rate in Parkers Prairie, MN is 13.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Parkers Prairie, MN?
Parkers Prairie's population is 1.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 2.7% two or more races. 1.7% of residents are foreign-born.