Pine Island, MN
Population 3,693 · Minnesota
About Pine Island, MN
Pine Island is a small town located in Minnesota with a population of 3,693 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,612 per year, which is 22% above the national median of $75,149. The median age of 37.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Pine Island features a median home value of $324,700, which is 33% above the national median of $244,900. This positions Pine Island in a moderately priced market relative to the rest of the country. Median monthly rent is $959, 18% below the national average of $1,163/month. Of the 1,550 total housing units, 75% are owner-occupied (1,077 units) and 25% are renter-occupied (350 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Pine Island shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Pine Island have an average one-way commute time of 26.6 minutes.
Education & Demographics
38.3% of Pine Island 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 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Pine Island, MN
Compared to national averages, Pine Island has a median household income of $91,612 (22% above the national median of $75,149). Home values average $324,700, which is 33% above the national median. Monthly rent at $959 is 18% below the US average of $1,163. Within Minnesota, Pine Island's income is 23% above the state average of $74,221, and home values are 59% above the state median of $204,472.
Why Live in Pine Island, MN?
Pine Island offers a strong local economy with a median household income of $91,612, well above the national average, and rent that’s lower than the national average at $959/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a well-educated community where 38.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.4%, better than the national average.
Pine Island has a population of 3,693 with a median age of 37.1 years. Compare Pine Island with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Pine Island
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Independence | 3,695 | $194,205 | $757,800 | Compare |
| Long Prairie | 3,683 | $57,139 | $130,100 | Compare |
| Mora | 3,708 | $53,704 | $180,300 | Compare |
| Melrose | 3,608 | $58,107 | $198,300 | Compare |
| Two Harbors | 3,598 | $62,885 | $187,100 | Compare |
| Perham | 3,577 | $47,088 | $186,000 | Compare |
| St. Augusta | 3,576 | $116,384 | $323,400 | Compare |
| Deephaven | 3,835 | $175,441 | $854,000 | 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 Pine Island With Other Cities
Frequently Asked Questions about Pine Island
What is the population of Pine Island, MN?
The population of Pine Island, MN is 3,693 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 Pine Island?
The median household income in Pine Island, MN is $91,612 per year, which is 22% above the national median of $75,149.
What is the median home value in Pine Island?
The median home value in Pine Island, MN is $324,700, which is 33% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Pine Island?
The median monthly rent in Pine Island, MN is $959, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Pine Island?
The unemployment rate in Pine Island, MN is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Pine Island, MN a good place to live?
Pine Island offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,693 and a median age of 37.1, the city appeals to a broad range of residents.
How educated is Pine Island, MN?
38.3% of residents in Pine Island 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 Pine Island?
Key cost-of-living indicators for Pine Island, MN: median home value is $324,700 (33% above national), median rent is $959/month, and median household income is $91,612. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Pine Island?
The poverty rate in Pine Island, MN is 3.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Pine Island, MN?
Pine Island's population is 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.5% two or more races. 0.5% of residents are foreign-born.