Truman, MN
Population 1,223 · Minnesota
About Truman, MN
Truman is a small community in Minnesota with a population of 1,223 residents. The median household income is $59,095 per year, which is near the national average. The median age in Truman is 32.1 years.
Housing in Truman has a median home value of $100,200 and median monthly rent of $942. Of the 615 total housing units, the majority are owner-occupied, with 327 owner-occupied and 229 renter-occupied units.
The unemployment rate in Truman is 0.8% and the poverty rate is 9.9%. 19.5% of residents hold a bachelor's degree or higher. The average commute time is 17.5 minutes.
How Truman Ranks in Minnesota
Cost of Living in Truman, MN
Compared to national averages, Truman has a median household income of $59,095 (21% below the national median of $75,149). Home values average $100,200, which is 59% below the national median. Monthly rent at $942 is 19% below the US average of $1,163. Within Minnesota, Truman's income is 20% below the state average of $74,221, and home values are 51% below the state median of $204,472.
Why Live in Truman, MN?
Truman offers affordable housing with a median home value of $100,200, below the US average of $244,900, and rent that’s lower than the national average at $942/month, and a strong job market with an unemployment rate of just 0.8%. Additionally, the city features a low poverty rate of 9.9%, better than the national average, and short commute times averaging just 17.5 minutes.
Potential considerations include median household income ($59,095) that falls below the national average. However, Truman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Truman has a population of 1,223 with a median age of 32.1 years. Compare Truman with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Truman
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Spring Grove | 1,223 | $60,221 | $148,200 | Compare |
| Spicer | 1,222 | $76,406 | $278,500 | Compare |
| Bagley | 1,218 | $53,417 | $135,100 | Compare |
| Atwater | 1,217 | $66,071 | $144,300 | Compare |
| Keewatin | 1,229 | $50,872 | $78,900 | Compare |
| Taylors Falls | 1,208 | $61,548 | $256,000 | Compare |
| Edgerton | 1,207 | $66,739 | $132,800 | Compare |
| Martin Lake | 1,203 | $120,705 | $426,100 | 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 Truman
What is the population of Truman, MN?
The population of Truman, MN is 1,223 according to the latest Census data.
What is the median household income in Truman?
The median household income in Truman, MN is $59,095 per year.
What is the median home value in Truman?
The median home value in Truman, MN is $100,200.
What is the average rent in Truman?
The median monthly rent in Truman, MN is $942.
What is the unemployment rate in Truman?
The unemployment rate in Truman, MN is 0.8%.