Sleepy Eye, MN
Population 3,438 · Minnesota
About Sleepy Eye, MN
Sleepy Eye is a small community in Minnesota with a population of 3,438 residents. The median household income is $64,811 per year, which is near the national average. The median age in Sleepy Eye is 41.7 years.
Housing in Sleepy Eye has a median home value of $138,500 and median monthly rent of $757. Of the 1,654 total housing units, the majority are owner-occupied, with 1,215 owner-occupied and 255 renter-occupied units.
The unemployment rate in Sleepy Eye is 2.7% and the poverty rate is 7.7%. 21.0% of residents hold a bachelor's degree or higher. The average commute time is 15.1 minutes.
Cost of Living in Sleepy Eye, MN
Compared to national averages, Sleepy Eye has a median household income of $64,811 (14% below the national median of $75,149). Home values average $138,500, which is 43% below the national median. Monthly rent at $757 is 35% below the US average of $1,163. Within Minnesota, Sleepy Eye's income is 13% below the state average of $74,221, and home values are 32% below the state median of $204,472.
Why Live in Sleepy Eye, MN?
Sleepy Eye offers affordable housing with a median home value of $138,500, below the US average of $244,900, and rent that’s lower than the national average at $757/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features a low poverty rate of 7.7%, better than the national average, and short commute times averaging just 15.1 minutes.
Potential considerations include median household income ($64,811) that falls below the national average. However, Sleepy Eye’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sleepy Eye has a population of 3,438 with a median age of 41.7 years. Compare Sleepy Eye with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Sleepy Eye
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Benson | 3,449 | $51,124 | $146,100 | Compare |
| Eveleth | 3,470 | $47,721 | $91,800 | Compare |
| Hanover | 3,495 | $147,944 | $421,700 | Compare |
| Plainview | 3,501 | $69,800 | $230,600 | Compare |
| Breckenridge | 3,369 | $57,344 | $142,000 | Compare |
| Montgomery | 3,366 | $74,018 | $218,900 | Compare |
| Annandale | 3,365 | $50,536 | $195,100 | Compare |
| Pine City | 3,339 | $51,654 | $181,800 | 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.
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Frequently Asked Questions about Sleepy Eye
What is the population of Sleepy Eye, MN?
The population of Sleepy Eye, MN is 3,438 according to the latest Census data.
What is the median household income in Sleepy Eye?
The median household income in Sleepy Eye, MN is $64,811 per year.
What is the median home value in Sleepy Eye?
The median home value in Sleepy Eye, MN is $138,500.
What is the average rent in Sleepy Eye?
The median monthly rent in Sleepy Eye, MN is $757.
What is the unemployment rate in Sleepy Eye?
The unemployment rate in Sleepy Eye, MN is 2.7%.