Peterson, MN
Population 256 · Minnesota
About Peterson, MN
Peterson is a small community in Minnesota with a population of 256 residents. The median household income is $66,250 per year, which is near the national average. The median age in Peterson is 31.5 years.
Housing in Peterson has a median home value of $112,500 and median monthly rent of $538. Of the 102 total housing units, the majority are owner-occupied, with 90 owner-occupied and 8 renter-occupied units.
The unemployment rate in Peterson is 0.8% and the poverty rate is 16.8%. 12.9% of residents hold a bachelor's degree or higher. The average commute time is 29.9 minutes.
How Peterson Ranks in Minnesota
Cost of Living in Peterson, MN
Compared to national averages, Peterson has a median household income of $66,250 (12% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $538 is 54% below the US average of $1,163. Within Minnesota, Peterson's income is 11% below the state average of $74,221, and home values are 45% below the state median of $204,472.
Why Live in Peterson, MN?
Peterson offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $538/month, and a strong job market with an unemployment rate of just 0.8%.
Potential considerations include median household income ($66,250) that falls below the national average. However, Peterson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Peterson has a population of 256 with a median age of 31.5 years. Compare Peterson with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Peterson
Cities in Minnesota with a similar population size.
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 Peterson With Other Cities
Frequently Asked Questions about Peterson
What is the population of Peterson, MN?
The population of Peterson, MN is 256 according to the latest Census data.
What is the median household income in Peterson?
The median household income in Peterson, MN is $66,250 per year.
What is the median home value in Peterson?
The median home value in Peterson, MN is $112,500.
What is the average rent in Peterson?
The median monthly rent in Peterson, MN is $538.
What is the unemployment rate in Peterson?
The unemployment rate in Peterson, MN is 0.8%.