Raymond, MN
Population 771 · Minnesota
About Raymond, MN
Raymond is a small community located in Minnesota with a population of 771 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,308 per year, which is 17% below the national median of $75,149. The median age of 34.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Raymond features a median home value of $146,000, which is 40% below the national median of $244,900. This makes Raymond one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $959, 18% below the national average of $1,163/month. Of the 349 total housing units, 68% are owner-occupied (217 units) and 32% are renter-occupied (103 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Raymond shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 18.1%, above the national average of 12.4%. Workers in Raymond have an average one-way commute time of 21.4 minutes.
Education & Demographics
19.0% of Raymond 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 4.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.5% of the population being foreign-born.
Cost of Living in Raymond, MN
Compared to national averages, Raymond has a median household income of $62,308 (17% below the national median of $75,149). Home values average $146,000, which is 40% below the national median. Monthly rent at $959 is 18% below the US average of $1,163. Within Minnesota, Raymond's income is 16% below the state average of $74,221, and home values are 29% below the state median of $204,472.
Why Live in Raymond, MN?
Raymond offers affordable housing with a median home value of $146,000, below the US average of $244,900, and rent that’s lower than the national average at $959/month, and short commute times averaging just 21.4 minutes.
Potential considerations include median household income ($62,308) that falls below the national average. However, Raymond’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Raymond has a population of 771 with a median age of 34.6 years. Compare Raymond with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Raymond
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Holdingford | 771 | $78,750 | $172,600 | Compare |
| Adams | 764 | $85,000 | $160,400 | Compare |
| Fertile | 782 | $64,444 | $118,400 | Compare |
| Belgrade | 757 | $48,977 | $143,900 | Compare |
| St. Clair | 785 | $101,375 | $200,800 | Compare |
| West Concord | 753 | $81,111 | $154,300 | Compare |
| Le Roy | 790 | $51,250 | $106,400 | Compare |
| Lilydale | 752 | $93,393 | $389,300 | 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 Raymond With Other Cities
Frequently Asked Questions about Raymond
What is the population of Raymond, MN?
The population of Raymond, MN is 771 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 Raymond?
The median household income in Raymond, MN is $62,308 per year, which is 17% below the national median of $75,149.
What is the median home value in Raymond?
The median home value in Raymond, MN is $146,000, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Raymond?
The median monthly rent in Raymond, MN is $959, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Raymond?
The unemployment rate in Raymond, MN is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Raymond, MN a good place to live?
Raymond offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 771 and a median age of 34.6, the city appeals to young professionals and families.
How educated is Raymond, MN?
19.0% of residents in Raymond 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 Raymond?
Key cost-of-living indicators for Raymond, MN: median home value is $146,000 (40% below national), median rent is $959/month, and median household income is $62,308. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Raymond?
The poverty rate in Raymond, MN is 18.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Raymond, MN?
Raymond's population is 4.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.5% of residents are foreign-born.