Karlstad, MN
Full City Profile · Minnesota · Marshall County County
Karlstad, MN
At a Glance
How Karlstad Compares to the U.S. Average
Each bar shows Karlstad's value as a percentage of the national average (100% = U.S. avg)
Is Karlstad a Good Place to Live?
Economy & Jobs
Karlstad residents earn a median household income of $61,324 , which is 18% below the national average of $75,149. Per capita income is $32,006. The unemployment rate stands at 0.7% (81% below the U.S. rate of 3.6%). 2.7% of residents live below the poverty line. The area is home to 348 business establishments, including 22 restaurants.
Housing & Cost of Living
The median home value in Karlstad is $120,300 , 57% below the national median of $281,900. Zillow estimates the typical home at $152,025. Median rent is $650/month, with 20.0% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1966.
Education
36.7% of adults in Karlstad hold a bachelor's degree or higher (9% above the national average). 98.7% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
Karlstad has an average annual temperature of 40°F (4°C). Winters average 5°F in January while summers reach 68°F in July. Annual precipitation totals 22.9 inches.