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Finland, MN

Full City Profile · Minnesota · Lake County County

2.8 /5.0
C+ Fair
220 Population 33/sq mi density
$51,875 Median Income $33,556 per capita
$122,600 Home Value $224,269 Zillow
$699 Median Rent 26.1% income on rent
39°F Avg Temperature 249 sunny days/yr
108 Violent Crime/100K 271 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$51,875 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$122,600 home value, $699/mo rent
F
Safety
1.0 / 5.0
108 violent crimes/100K
D
Education
1.9 / 5.0
10.7% bachelor's degree or higher

Income Overview

Median Household Income
$51,875
31% below
US avg: $75,149
Per Capita Income
$33,556
14% below
US avg: $39,052
Unemployment Rate
5.3%
47% above
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%

Income Comparison: Finland vs. U.S. Average

Each bar shows Finland’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$51,875
69%
Per Capita
US: $39,052
$33,556
86%
IRS Avg AGI
US: $72,000
$69,182
96%
Avg Weekly Wage
US: $1,432
$1,047
73%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,047
27% below US avg ($1,432)
Mean Commute Time
26 min
7% below US avg (28 min)
Work From Home
10.1%
34% below US avg (15.2%)
Drive Alone
84.8%
16% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$565M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 84.8%
Public Transit 0%
Work From Home 10.1%
Other 5.1%
Average commute time
26 minutes
US avg: 28 min

Business Landscape

Total Establishments
378
Restaurants
71
Healthcare
32
Retail
53
Manufacturing
19

Tax & Financial

IRS Avg Adjusted Gross Income
$69,182
4% below US avg ($72,000)
Avg Property Tax
$4,145
18% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$51,875
Per Capita Income$33,556
IRS Avg Adjusted Gross Income$69,182
Avg Weekly Wage$1,047
County GDP$565M

Hardship Indicators

Unemployment Rate5.3%
Poverty Rate0.0%
Gini Coefficient0.397
Cost of Living Index98.6

Commute

Mean Commute26 minutes
Drive Alone84.8%
Public Transit0.0%
Work From Home10.1%

Businesses

Total Establishments378
Restaurants71
Healthcare32
Retail53
Manufacturing19

Tax

IRS Avg AGI$69,182
Avg Property Tax$4,145