Paynesville, MN
Population 2,476 · Minnesota
About Paynesville, MN
Paynesville is a small community in Minnesota with a population of 2,476 residents. The median household income is $72,105 per year, which is above the national average. The median age in Paynesville is 40.6 years.
Housing in Paynesville has a median home value of $168,800 and median monthly rent of $791. Of the 1,236 total housing units, the majority are owner-occupied, with 768 owner-occupied and 342 renter-occupied units.
The unemployment rate in Paynesville is 2.3% and the poverty rate is 5.5%. 27.9% of residents hold a bachelor's degree or higher. The average commute time is 21.5 minutes.
Cost of Living in Paynesville, MN
Compared to national averages, Paynesville has a median household income of $72,105 (4% below the national median of $75,149). Home values average $168,800, which is 31% below the national median. Monthly rent at $791 is 32% below the US average of $1,163. Within Minnesota, Paynesville's income is 3% below the state average of $74,221, and home values are 17% below the state median of $204,472.
Why Live in Paynesville, MN?
Paynesville offers affordable housing with a median home value of $168,800, below the US average of $244,900, and rent that’s lower than the national average at $791/month, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features a low poverty rate of 5.5%, better than the national average, and short commute times averaging just 21.5 minutes.
Potential considerations include median household income ($72,105) that falls below the national average. However, Paynesville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Paynesville has a population of 2,476 with a median age of 40.6 years. Compare Paynesville with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Paynesville
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mayer | 2,501 | $120,551 | $330,400 | Compare |
| Janesville | 2,449 | $72,120 | $194,400 | Compare |
| Le Center | 2,514 | $66,864 | $189,800 | Compare |
| Rockville | 2,521 | $101,447 | $327,400 | Compare |
| Lake Crystal | 2,530 | $77,979 | $193,800 | Compare |
| Sandstone | 2,538 | $50,288 | $137,500 | Compare |
| Lauderdale | 2,386 | $76,558 | $273,600 | Compare |
| Wabasha | 2,569 | $62,016 | $212,800 | 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.
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Frequently Asked Questions about Paynesville
What is the population of Paynesville, MN?
The population of Paynesville, MN is 2,476 according to the latest Census data.
What is the median household income in Paynesville?
The median household income in Paynesville, MN is $72,105 per year.
What is the median home value in Paynesville?
The median home value in Paynesville, MN is $168,800.
What is the average rent in Paynesville?
The median monthly rent in Paynesville, MN is $791.
What is the unemployment rate in Paynesville?
The unemployment rate in Paynesville, MN is 2.3%.