Randolph, MN
Population 465 · Minnesota
About Randolph, MN
Randolph is a small community located in Minnesota with a population of 465 residents according to the latest US Census Bureau American Community Survey data. The median household income is $101,786 per year, which is 35% above the national median of $75,149. The median age of 41.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Randolph features a median home value of $268,800, which is 10% above the national median of $244,900. This positions Randolph in a moderately priced market relative to the rest of the country. Median monthly rent is $1,619, 39% above the national average of $1,163/month. Of the 193 total housing units, 80% are owner-occupied (150 units) and 20% are renter-occupied (38 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Randolph shows an unemployment rate of 8.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Randolph have an average one-way commute time of 29 minutes.
Education & Demographics
23.3% of Randolph 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Randolph, MN
Compared to national averages, Randolph has a median household income of $101,786 (35% above the national median of $75,149). Home values average $268,800, which is 10% above the national median. Monthly rent at $1,619 is 39% above the US average of $1,163. Within Minnesota, Randolph's income is 37% above the state average of $74,221, and home values are 31% above the state median of $204,472.
Why Live in Randolph, MN?
Randolph offers a strong local economy with a median household income of $101,786, well above the national average, and a low poverty rate of 7.3%, better than the national average.
Randolph has a population of 465 with a median age of 41.8 years. Compare Randolph with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Randolph
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carlos | 465 | $65,625 | $174,600 | Compare |
| Willernie | 466 | $82,321 | $307,000 | Compare |
| Fifty Lakes | 463 | $79,773 | $401,000 | Compare |
| Brandon | 462 | $64,625 | $174,000 | Compare |
| Newfolden | 468 | $69,000 | $143,800 | Compare |
| Ellsworth | 471 | $58,438 | $85,700 | Compare |
| Kandiyohi | 459 | $73,571 | $158,300 | Compare |
| Jenkins | 472 | $70,500 | $265,900 | 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 Randolph With Other Cities
Frequently Asked Questions about Randolph
What is the population of Randolph, MN?
The population of Randolph, MN is 465 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 Randolph?
The median household income in Randolph, MN is $101,786 per year, which is 35% above the national median of $75,149.
What is the median home value in Randolph?
The median home value in Randolph, MN is $268,800, which is 10% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Randolph?
The median monthly rent in Randolph, MN is $1,619, which is 39% above the national average of $1,163/month.
What is the unemployment rate in Randolph?
The unemployment rate in Randolph, MN is 8.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Randolph, MN a good place to live?
Randolph offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 465 and a median age of 41.8, the city appeals to a broad range of residents.
How educated is Randolph, MN?
23.3% of residents in Randolph 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 Randolph?
Key cost-of-living indicators for Randolph, MN: median home value is $268,800 (10% above national), median rent is $1,619/month, and median household income is $101,786. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Randolph?
The poverty rate in Randolph, MN is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Randolph, MN?
Randolph's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.