Tower, Minnesota

US Census Bureau ACS 5-Year Estimates ยท 2022

MN

Tower Demographics Overview

Total Population
410
ACS 2022 estimate
Median Household Income
$57,813
Annual household income
โ–ผ 22% vs US avg
Median Home Value
$126,700
Owner-occupied homes
โ–ผ 55% vs US avg
Median Gross Rent
$533
Monthly rent (incl. utilities)
โ–ผ 54% vs US avg
Median Age
50.2 years
Median age of residents
โ–ฒ 29% vs US avg

Income & Economy

Median Household Income
$57,813
US avg: $74,580
vs. National Median-22.5%

Housing

Median Home Value
$126,700
US avg: $281,900
Median Gross Rent
$533/mo
US avg: $1,163/mo
Rent vs. National Avg-54.2%

Population

Total Population410
Median Age
50.2 years
US avg: 38.9 yrs

Data Source

Data for Tower comes from the US Census Bureau American Community Survey (ACS) 5-Year Estimates, covering the period 2018โ€“2022.

The ACS 5-Year estimates provide the most reliable demographic statistics available, especially for smaller communities, by pooling 5 years of survey data.

Learn more about the ACS โ†’

Tower, MN โ€” Frequently Asked Questions

Common questions about Tower demographics

What is the population of Tower, Minnesota?

According to the US Census Bureau ACS 5-Year Estimates (2022), the population of Tower, Minnesota is 410.

What is the median household income in Tower?

The median household income in Tower, Minnesota is $57,813 per year, according to the 2022 ACS 5-Year Estimates. The US national median household income is approximately $74,580.

What is the cost of living in Tower?

Key cost indicators for Tower, Minnesota:. Median home value: $126,700. Median gross rent: $533/month. Median household income: $57,813/year

What is the median home value in Tower?

The median home value in Tower, Minnesota is $126,700, compared to the national median of approximately $281,900.

What is the average age in Tower?

The median age in Tower, Minnesota is 50.2 years, compared to the US national median age of approximately 38.9 years.

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