Racine, MN
Population 476 · Minnesota
About Racine, MN
Racine is a small community located in Minnesota with a population of 476 residents according to the latest US Census Bureau American Community Survey data. The median household income is $95,125 per year, which is 27% above the national median of $75,149. The median age of 39.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Racine features a median home value of $239,500, which is 2% below the national median of $244,900. This positions Racine in a moderately priced market relative to the rest of the country. Median monthly rent is $1,318, 13% above the national average of $1,163/month. Of the 175 total housing units, 90% are owner-occupied (154 units) and 10% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Racine shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Racine have an average one-way commute time of 23.8 minutes.
Education & Demographics
21.0% of Racine 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 2.7% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Racine, MN
Compared to national averages, Racine has a median household income of $95,125 (27% above the national median of $75,149). Home values average $239,500, which is 2% below the national median. Monthly rent at $1,318 is 13% above the US average of $1,163. Within Minnesota, Racine's income is 28% above the state average of $74,221, and home values are 17% above the state median of $204,472.
Why Live in Racine, MN?
Racine offers a strong local economy with a median household income of $95,125, well above the national average, and affordable housing with a median home value of $239,500, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 9.5%, better than the national average, and short commute times averaging just 23.8 minutes.
Racine has a population of 476 with a median age of 39.2 years. Compare Racine with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Racine
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lafayette | 478 | $95,500 | $142,700 | Compare |
| Verndale | 479 | $44,083 | $105,500 | Compare |
| Jenkins | 472 | $70,500 | $265,900 | Compare |
| Ellsworth | 471 | $58,438 | $85,700 | Compare |
| Floodwood | 482 | $40,972 | $100,000 | Compare |
| Newfolden | 468 | $69,000 | $143,800 | Compare |
| St. Marys Point | 484 | $106,250 | $471,400 | Compare |
| Butterfield | 486 | $57,292 | $77,800 | 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.
Compare Racine With Other Cities
Frequently Asked Questions about Racine
What is the population of Racine, MN?
The population of Racine, MN is 476 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 Racine?
The median household income in Racine, MN is $95,125 per year, which is 27% above the national median of $75,149.
What is the median home value in Racine?
The median home value in Racine, MN is $239,500, which is 2% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Racine?
The median monthly rent in Racine, MN is $1,318, which is 13% above the national average of $1,163/month.
What is the unemployment rate in Racine?
The unemployment rate in Racine, MN is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Racine, MN a good place to live?
Racine offers above-average incomes, affordable housing, and a strong job market. With a population of 476 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Racine, MN?
21.0% of residents in Racine 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 Racine?
Key cost-of-living indicators for Racine, MN: median home value is $239,500 (2% below national), median rent is $1,318/month, and median household income is $95,125. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Racine?
The poverty rate in Racine, MN is 9.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Racine, MN?
Racine's population is 2.7% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.1% two or more races. 0.0% of residents are foreign-born.