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Excelsior, MN

Full City Profile · Minnesota · Carver County County

3.7 /5.0
B+ Good
2,359 Population 3,744/sq mi density
$108,611 Median Income $88,475 per capita
$839,500 Home Value $818,921 Zillow
$1,125 Median Rent 20.7% income on rent
45°F Avg Temperature 270 sunny days/yr
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$108,611 median income, 0.0% unemployment
C
Affordability
2.3 / 5.0
$839,500 home value, $1,125/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
52.4% bachelor's degree or higher

Change Over Time (2013–2023)

Population Change
+0.4%
2,275 → 2,285
over 10 years
Annual Pop. Growth
+0.04%
Compound annual growth rate
Median Income Change
+124.6%
$48,350 → $108,611
nominal, not inflation-adjusted
Annual Income Growth
+8.43%
Compound annual growth rate

Population Over Time

Total population for Excelsior across each available Census ACS release.

Median Household Income Over Time

Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).

Projected 2030

Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.

Projected Population 2030
2,291
+6 from 2023 (2,285)
Projected Median Income 2030
$191,390
+$82,779 from 2023 ($108,611)

Year-by-Year Detail

Year Population YoY % Median Income YoY %
2013 2,275 $48,350
2015 2,303 +1.2% $46,995 -2.8%
2017 2,326 +1% $55,000 +17%
2019 2,343 +0.7% $70,000 +27.3%
2021 2,299 -1.9% $88,000 +25.7%
2023 2,285 -0.6% $108,611 +23.4%
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.