Welcome, MN
Population 977 · Minnesota
About Welcome, MN
Welcome is a small community located in Minnesota with a population of 977 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,357 per year, which is 26% below the national median of $75,149. The median age of 34.6 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 Welcome features a median home value of $91,300, which is 63% below the national median of $244,900. This makes Welcome one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $625, 46% below the national average of $1,163/month. Of the 391 total housing units, 81% are owner-occupied (295 units) and 19% are renter-occupied (69 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Welcome shows an unemployment rate of 8.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.2%, above the national average of 12.4%. Workers in Welcome have an average one-way commute time of 19.8 minutes, one of the shorter commutes in the region.
Education & Demographics
13.0% of Welcome 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 11.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 1.9% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Welcome, MN
Compared to national averages, Welcome has a median household income of $55,357 (26% below the national median of $75,149). Home values average $91,300, which is 63% below the national median. Monthly rent at $625 is 46% below the US average of $1,163. Within Minnesota, Welcome's income is 25% below the state average of $74,221, and home values are 55% below the state median of $204,472.
Why Live in Welcome, MN?
Welcome offers affordable housing with a median home value of $91,300, below the US average of $244,900, and rent that’s lower than the national average at $625/month, and short commute times averaging just 19.8 minutes.
Potential considerations include median household income ($55,357) that falls below the national average. However, Welcome’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Welcome has a population of 977 with a median age of 34.6 years. Compare Welcome with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Welcome
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Morristown | 982 | $74,479 | $175,600 | Compare |
| Nicollet | 966 | $80,500 | $214,100 | Compare |
| Bird Island | 964 | $71,190 | $114,600 | Compare |
| Birchwood Village | 960 | $156,653 | $461,800 | Compare |
| Grand Meadow | 954 | $68,750 | $169,100 | Compare |
| Mantorville | 1,003 | $117,750 | $280,600 | Compare |
| Mazeppa | 948 | $88,929 | $231,200 | Compare |
| Sherburn | 946 | $63,026 | $97,900 | 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 Welcome With Other Cities
Frequently Asked Questions about Welcome
What is the population of Welcome, MN?
The population of Welcome, MN is 977 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 Welcome?
The median household income in Welcome, MN is $55,357 per year, which is 26% below the national median of $75,149.
What is the median home value in Welcome?
The median home value in Welcome, MN is $91,300, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Welcome?
The median monthly rent in Welcome, MN is $625, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Welcome?
The unemployment rate in Welcome, MN is 8.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Welcome, MN a good place to live?
Welcome offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 977 and a median age of 34.6, the city appeals to young professionals and families.
How educated is Welcome, MN?
13.0% of residents in Welcome 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 Welcome?
Key cost-of-living indicators for Welcome, MN: median home value is $91,300 (63% below national), median rent is $625/month, and median household income is $55,357. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Welcome?
The poverty rate in Welcome, MN is 13.2%, 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 Welcome, MN?
Welcome's population is 11.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 1.9% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.