Wanamingo, MN
Population 1,185 · Minnesota
About Wanamingo, MN
Wanamingo is a small town located in Minnesota with a population of 1,185 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,000 per year, which is 13% above the national median of $75,149. The median age of 35.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wanamingo features a median home value of $247,400, which is 1% above the national median of $244,900. This positions Wanamingo in a moderately priced market relative to the rest of the country. Median monthly rent is $611, 47% below the national average of $1,163/month. Of the 545 total housing units, 73% are owner-occupied (369 units) and 27% are renter-occupied (137 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wanamingo shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.2%, above the national average of 12.4%. Workers in Wanamingo have an average one-way commute time of 24 minutes.
Education & Demographics
24.1% of Wanamingo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.4% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Wanamingo, MN
Compared to national averages, Wanamingo has a median household income of $85,000 (13% above the national median of $75,149). Home values average $247,400, which is 1% above the national median. Monthly rent at $611 is 47% below the US average of $1,163. Within Minnesota, Wanamingo's income is 15% above the state average of $74,221, and home values are 21% above the state median of $204,472.
Why Live in Wanamingo, MN?
Wanamingo offers a strong local economy with a median household income of $85,000, well above the national average, and rent that’s lower than the national average at $611/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features short commute times averaging just 24 minutes.
Wanamingo has a population of 1,185 with a median age of 35.2 years. Compare Wanamingo with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Wanamingo
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Madison Lake | 1,178 | $84,833 | $281,300 | Compare |
| Medford | 1,194 | $98,375 | $234,300 | Compare |
| Redby | 1,175 | $53,846 | $109,500 | Compare |
| East Gull Lake | 1,173 | $128,548 | $522,000 | Compare |
| Martin Lake | 1,203 | $120,705 | $426,100 | Compare |
| Edgerton | 1,207 | $66,739 | $132,800 | Compare |
| Taylors Falls | 1,208 | $61,548 | $256,000 | Compare |
| Elbow Lake | 1,158 | $56,786 | $118,900 | 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 Wanamingo With Other Cities
Frequently Asked Questions about Wanamingo
What is the population of Wanamingo, MN?
The population of Wanamingo, MN is 1,185 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 Wanamingo?
The median household income in Wanamingo, MN is $85,000 per year, which is 13% above the national median of $75,149.
What is the median home value in Wanamingo?
The median home value in Wanamingo, MN is $247,400, which is 1% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wanamingo?
The median monthly rent in Wanamingo, MN is $611, which is 47% below the national average of $1,163/month.
What is the unemployment rate in Wanamingo?
The unemployment rate in Wanamingo, MN is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wanamingo, MN a good place to live?
Wanamingo offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,185 and a median age of 35.2, the city appeals to a broad range of residents.
How educated is Wanamingo, MN?
24.1% of residents in Wanamingo 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 Wanamingo?
Key cost-of-living indicators for Wanamingo, MN: median home value is $247,400 (1% above national), median rent is $611/month, and median household income is $85,000. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wanamingo?
The poverty rate in Wanamingo, MN is 15.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Wanamingo, MN?
Wanamingo's population is 2.4% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 9.3% two or more races. 2.8% of residents are foreign-born.