Two Harbors, MN
Population 3,598 · Minnesota
About Two Harbors, MN
Two Harbors is a small town located in Minnesota with a population of 3,598 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,885 per year, which is 16% below the national median of $75,149. The median age of 41.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Two Harbors features a median home value of $187,100, which is 24% below the national median of $244,900. This positions Two Harbors in a moderately priced market relative to the rest of the country. Median monthly rent is $879, 24% below the national average of $1,163/month. Of the 1,749 total housing units, 72% are owner-occupied (1,076 units) and 28% are renter-occupied (426 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Two Harbors shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Two Harbors have an average one-way commute time of 25.1 minutes.
Education & Demographics
21.5% of Two Harbors 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 1.1% White, 3.4% Hispanic or Latino, 0.6% Black or African American, and 0.4% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Two Harbors, MN
Compared to national averages, Two Harbors has a median household income of $62,885 (16% below the national median of $75,149). Home values average $187,100, which is 24% below the national median. Monthly rent at $879 is 24% below the US average of $1,163. Within Minnesota, Two Harbors's income is 15% below the state average of $74,221, and home values are 8% below the state median of $204,472.
Why Live in Two Harbors, MN?
Two Harbors offers affordable housing with a median home value of $187,100, below the US average of $244,900, and rent that’s lower than the national average at $879/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features a low poverty rate of 12.0%, better than the national average.
Potential considerations include median household income ($62,885) that falls below the national average. However, Two Harbors’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Two Harbors has a population of 3,598 with a median age of 41.5 years. Compare Two Harbors with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Two Harbors
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Melrose | 3,608 | $58,107 | $198,300 | Compare |
| Perham | 3,577 | $47,088 | $186,000 | Compare |
| St. Augusta | 3,576 | $116,384 | $323,400 | Compare |
| Long Prairie | 3,683 | $57,139 | $130,100 | Compare |
| Pine Island | 3,693 | $91,612 | $324,700 | Compare |
| Independence | 3,695 | $194,205 | $757,800 | Compare |
| Plainview | 3,501 | $69,800 | $230,600 | Compare |
| Hanover | 3,495 | $147,944 | $421,700 | 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 Two Harbors With Other Cities
Frequently Asked Questions about Two Harbors
What is the population of Two Harbors, MN?
The population of Two Harbors, MN is 3,598 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 Two Harbors?
The median household income in Two Harbors, MN is $62,885 per year, which is 16% below the national median of $75,149.
What is the median home value in Two Harbors?
The median home value in Two Harbors, MN is $187,100, which is 24% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Two Harbors?
The median monthly rent in Two Harbors, MN is $879, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Two Harbors?
The unemployment rate in Two Harbors, MN is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Two Harbors, MN a good place to live?
Two Harbors offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,598 and a median age of 41.5, the city appeals to a broad range of residents.
How educated is Two Harbors, MN?
21.5% of residents in Two Harbors 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 Two Harbors?
Key cost-of-living indicators for Two Harbors, MN: median home value is $187,100 (24% below national), median rent is $879/month, and median household income is $62,885. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Two Harbors?
The poverty rate in Two Harbors, MN is 12.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Two Harbors, MN?
Two Harbors's population is 1.1% White, 3.4% Hispanic or Latino, 0.6% Black or African American, 0.4% Asian, and 1.1% two or more races. 0.6% of residents are foreign-born.