Tracy, MN
Population 1,869 · Minnesota
About Tracy, MN
Tracy is a small town located in Minnesota with a population of 1,869 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,682 per year, which is 19% below the national median of $75,149. The median age of 44.1 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 Tracy features a median home value of $110,900, which is 55% below the national median of $244,900. This makes Tracy one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $536, 54% below the national average of $1,163/month. Of the 861 total housing units, 79% are owner-occupied (564 units) and 21% are renter-occupied (152 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tracy shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Tracy have an average one-way commute time of 20.2 minutes.
Education & Demographics
16.3% of Tracy 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 6.3% White, 2.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.5% of the population being foreign-born.
How Tracy Ranks in Minnesota
Cost of Living in Tracy, MN
Compared to national averages, Tracy has a median household income of $60,682 (19% below the national median of $75,149). Home values average $110,900, which is 55% below the national median. Monthly rent at $536 is 54% below the US average of $1,163. Within Minnesota, Tracy's income is 18% below the state average of $74,221, and home values are 46% below the state median of $204,472.
Why Live in Tracy, MN?
Tracy offers affordable housing with a median home value of $110,900, below the US average of $244,900, and rent that’s lower than the national average at $536/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a low poverty rate of 9.5%, better than the national average, and short commute times averaging just 20.2 minutes.
Potential considerations include median household income ($60,682) that falls below the national average. However, Tracy’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tracy has a population of 1,869 with a median age of 44.1 years. Compare Tracy with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Tracy
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Spring Park | 1,869 | $46,860 | $598,400 | Compare |
| Howard Lake | 1,864 | $99,464 | $239,100 | Compare |
| Dundas | 1,882 | $111,250 | $293,400 | Compare |
| Coleraine | 1,888 | $67,083 | $179,900 | Compare |
| Maple Plain | 1,889 | $93,000 | $346,600 | Compare |
| Lester Prairie | 1,848 | $87,188 | $217,000 | Compare |
| Aurora | 1,897 | $42,406 | $88,700 | Compare |
| Ada | 1,834 | $67,857 | $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.
Compare Tracy With Other Cities
Frequently Asked Questions about Tracy
What is the population of Tracy, MN?
The population of Tracy, MN is 1,869 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Tracy?
The median household income in Tracy, MN is $60,682 per year, which is 19% below the national median of $75,149.
What is the median home value in Tracy?
The median home value in Tracy, MN is $110,900, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tracy?
The median monthly rent in Tracy, MN is $536, which is 54% below the national average of $1,163/month.
What is the unemployment rate in Tracy?
The unemployment rate in Tracy, MN is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Tracy, MN a good place to live?
Tracy offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,869 and a median age of 44.1, the city appeals to a broad range of residents.
How educated is Tracy, MN?
16.3% of residents in Tracy 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 Tracy?
Key cost-of-living indicators for Tracy, MN: median home value is $110,900 (55% below national), median rent is $536/month, and median household income is $60,682. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tracy?
The poverty rate in Tracy, MN is 9.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Tracy, MN?
Tracy's population is 6.3% White, 2.0% 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.