Shafer, MN
Population 1,151 · Minnesota
About Shafer, MN
Shafer is a small community in Minnesota with a population of 1,151 residents. The median household income is $96,042 per year, which is above the national average. The median age in Shafer is 35.5 years.
Housing in Shafer has a median home value of $225,700 and median monthly rent of $954. Of the 435 total housing units, the majority are owner-occupied, with 349 owner-occupied and 77 renter-occupied units.
The unemployment rate in Shafer is 3.5% and the poverty rate is 7.1%. 16.0% of residents hold a bachelor's degree or higher. The average commute time is 38.6 minutes.
Cost of Living in Shafer, MN
Compared to national averages, Shafer has a median household income of $96,042 (28% above the national median of $75,149). Home values average $225,700, which is 8% below the national median. Monthly rent at $954 is 18% below the US average of $1,163. Within Minnesota, Shafer's income is 29% above the state average of $74,221, and home values are 10% above the state median of $204,472.
Why Live in Shafer, MN?
Shafer offers a strong local economy with a median household income of $96,042, well above the national average, and affordable housing with a median home value of $225,700, below the US average of $244,900, and rent that’s lower than the national average at $954/month. Additionally, the city features a strong job market with an unemployment rate of just 3.5%, and a low poverty rate of 7.1%, better than the national average.
Shafer has a population of 1,151 with a median age of 35.5 years. Compare Shafer with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Shafer
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elgin | 1,147 | $87,000 | $218,200 | Compare |
| New London | 1,156 | $66,830 | $209,300 | Compare |
| Dellwood | 1,145 | $208,125 | $729,800 | Compare |
| Elbow Lake | 1,158 | $56,786 | $118,900 | Compare |
| Fairfax | 1,134 | $53,750 | $99,800 | Compare |
| East Gull Lake | 1,173 | $128,548 | $522,000 | Compare |
| Redby | 1,175 | $53,846 | $109,500 | Compare |
| Madison Lake | 1,178 | $84,833 | $281,300 | 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.
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Frequently Asked Questions about Shafer
What is the population of Shafer, MN?
The population of Shafer, MN is 1,151 according to the latest Census data.
What is the median household income in Shafer?
The median household income in Shafer, MN is $96,042 per year.
What is the median home value in Shafer?
The median home value in Shafer, MN is $225,700.
What is the average rent in Shafer?
The median monthly rent in Shafer, MN is $954.
What is the unemployment rate in Shafer?
The unemployment rate in Shafer, MN is 3.5%.