Vermillion, MN
Population 443 · Minnesota
About Vermillion, MN
Vermillion is a small community located in Minnesota with a population of 443 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,214 per year, which is 24% above the national median of $75,149. The median age of 44.5 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 Vermillion features a median home value of $298,000, which is 22% above the national median of $244,900. This positions Vermillion in a moderately priced market relative to the rest of the country. Median monthly rent is $1,021, 12% below the national average of $1,163/month. Of the 182 total housing units, 87% are owner-occupied (159 units) and 13% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Vermillion shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Vermillion have an average one-way commute time of 23.9 minutes.
Education & Demographics
15.8% of Vermillion 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, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Vermillion, MN
Compared to national averages, Vermillion has a median household income of $93,214 (24% above the national median of $75,149). Home values average $298,000, which is 22% above the national median. Monthly rent at $1,021 is 12% below the US average of $1,163. Within Minnesota, Vermillion's income is 26% above the state average of $74,221, and home values are 46% above the state median of $204,472.
Why Live in Vermillion, MN?
Vermillion offers a strong local economy with a median household income of $93,214, well above the national average, and rent that’s lower than the national average at $1,021/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a low poverty rate of 5.2%, better than the national average, and short commute times averaging just 23.9 minutes.
Vermillion has a population of 443 with a median age of 44.5 years. Compare Vermillion with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Vermillion
What is the population of Vermillion, MN?
The population of Vermillion, MN is 443 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 Vermillion?
The median household income in Vermillion, MN is $93,214 per year, which is 24% above the national median of $75,149.
What is the median home value in Vermillion?
The median home value in Vermillion, MN is $298,000, which is 22% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Vermillion?
The median monthly rent in Vermillion, MN is $1,021, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Vermillion?
The unemployment rate in Vermillion, MN is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Vermillion, MN a good place to live?
Vermillion offers above-average incomes, a competitive housing market, and a strong job market. With a population of 443 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Vermillion, MN?
15.8% of residents in Vermillion 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 Vermillion?
Key cost-of-living indicators for Vermillion, MN: median home value is $298,000 (22% above national), median rent is $1,021/month, and median household income is $93,214. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Vermillion?
The poverty rate in Vermillion, MN is 5.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Vermillion, MN?
Vermillion's population is 6.3% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.