Stephen, MN
Population 524 · Minnesota
About Stephen, MN
Stephen is a small community located in Minnesota with a population of 524 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 55.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Stephen features a median home value of $83,800, which is 66% below the national median of $244,900. This makes Stephen one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $871, 25% below the national average of $1,163/month. Of the 300 total housing units, 88% are owner-occupied (207 units) and 12% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Stephen shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.4%, above the national average of 12.4%. Workers in Stephen have an average one-way commute time of 19.5 minutes, one of the shorter commutes in the region.
Education & Demographics
26.2% of Stephen residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 12.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 2.5% Asian residents, with 6.1% of the population being foreign-born.
Cost of Living in Stephen, MN
Compared to national averages, Stephen has a median household income of $63,750 (15% below the national median of $75,149). Home values average $83,800, which is 66% below the national median. Monthly rent at $871 is 25% below the US average of $1,163. Within Minnesota, Stephen's income is 14% below the state average of $74,221, and home values are 59% below the state median of $204,472.
Why Live in Stephen, MN?
Stephen offers affordable housing with a median home value of $83,800, below the US average of $244,900, and rent that’s lower than the national average at $871/month, and a strong job market with an unemployment rate of just 3.1%. Additionally, the city features short commute times averaging just 19.5 minutes.
Potential considerations include median household income ($63,750) that falls below the national average. However, Stephen’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Stephen has a population of 524 with a median age of 55.3 years. Compare Stephen with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Stephen
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sacred Heart | 522 | $63,125 | $57,600 | Compare |
| Sturgeon Lake | 526 | $77,500 | $190,600 | Compare |
| Gem Lake | 521 | $146,250 | $536,600 | Compare |
| Cosmos | 529 | $50,833 | $95,000 | Compare |
| Brownton | 530 | $77,159 | $148,500 | Compare |
| Franklin | 513 | $54,904 | $84,800 | Compare |
| Hampton | 510 | $106,111 | $305,700 | Compare |
| Pennock | 510 | $68,846 | $140,500 | 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 Stephen
What is the population of Stephen, MN?
The population of Stephen, MN is 524 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 Stephen?
The median household income in Stephen, MN is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Stephen?
The median home value in Stephen, MN is $83,800, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Stephen?
The median monthly rent in Stephen, MN is $871, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Stephen?
The unemployment rate in Stephen, MN is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Stephen, MN a good place to live?
Stephen offers a moderate cost of living, affordable housing, and a strong job market. With a population of 524 and a median age of 55.3, the city appeals to established professionals and retirees.
How educated is Stephen, MN?
26.2% of residents in Stephen 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 Stephen?
Key cost-of-living indicators for Stephen, MN: median home value is $83,800 (66% below national), median rent is $871/month, and median household income is $63,750. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Stephen?
The poverty rate in Stephen, MN is 12.4%, 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 Stephen, MN?
Stephen's population is 12.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 2.5% Asian, and 1.1% two or more races. 6.1% of residents are foreign-born.