Tower, MN
Population 427 · Minnesota
About Tower, MN
Tower is a small community located in Minnesota with a population of 427 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,156 per year, which is 20% below the national median of $75,149. The median age of 49.2 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 Tower features a median home value of $113,600, which is 54% below the national median of $244,900. This makes Tower one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $565, 51% below the national average of $1,163/month. Of the 260 total housing units, 82% are owner-occupied (150 units) and 18% are renter-occupied (33 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tower shows an unemployment rate of 8.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Tower have an average one-way commute time of 23.1 minutes.
Education & Demographics
15.8% of Tower 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 1.6% White, 7.7% Hispanic or Latino, 0.0% Black or African American, and 4.9% Asian residents, with 0.0% of the population being foreign-born.
How Tower Ranks in Minnesota
Cost of Living in Tower, MN
Compared to national averages, Tower has a median household income of $60,156 (20% below the national median of $75,149). Home values average $113,600, which is 54% below the national median. Monthly rent at $565 is 51% below the US average of $1,163. Within Minnesota, Tower's income is 19% below the state average of $74,221, and home values are 44% below the state median of $204,472.
Why Live in Tower, MN?
Tower offers affordable housing with a median home value of $113,600, below the US average of $244,900, and rent that’s lower than the national average at $565/month, and a low poverty rate of 8.8%, better than the national average. Additionally, the city features short commute times averaging just 23.1 minutes.
Potential considerations include median household income ($60,156) that falls below the national average. However, Tower’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tower has a population of 427 with a median age of 49.2 years. Compare Tower with other cities to see how it stacks up, or explore all cities in Minnesota.
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Cities in Minnesota with a similar population size.
Demographics
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Economy & Education
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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 Tower
What is the population of Tower, MN?
The population of Tower, MN is 427 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 Tower?
The median household income in Tower, MN is $60,156 per year, which is 20% below the national median of $75,149.
What is the median home value in Tower?
The median home value in Tower, MN is $113,600, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tower?
The median monthly rent in Tower, MN is $565, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Tower?
The unemployment rate in Tower, MN is 8.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tower, MN a good place to live?
Tower offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 427 and a median age of 49.2, the city appeals to established professionals and retirees.
How educated is Tower, MN?
15.8% of residents in Tower 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 Tower?
Key cost-of-living indicators for Tower, MN: median home value is $113,600 (54% below national), median rent is $565/month, and median household income is $60,156. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tower?
The poverty rate in Tower, MN is 8.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Tower, MN?
Tower's population is 1.6% White, 7.7% Hispanic or Latino, 0.0% Black or African American, 4.9% Asian, and 0.5% two or more races. 0.0% of residents are foreign-born.