All Countries
Karlstad, MN
Full City Profile · Minnesota · Marshall County County
4.4
/5.0
A
Great
622
Population
415/sq mi density
$61,324
Median Income
$32,006 per capita
$120,300
Home Value
$167,638 Zillow
$650
Median Rent
20.0% income on rent
39°F
Avg Temperature
269 sunny days/yr
A
Overall
4.4 / 5.0
Strong
A
Economy
4.2 / 5.0
$61,324 median income, 0.4% unemployment
A+
Affordability
5.0 / 5.0
$120,300 home value, $650/mo rent
B+
Education
3.9 / 5.0
36.7% bachelor's degree or higher
Income Overview
Median Household Income
$61,324
18% below
US avg: $75,149
Per Capita Income
$32,006
18% below
US avg: $39,052
Unemployment Rate
0.4%
89% below
US avg: 3.6%
Poverty Rate
2.7%
78% below
US avg: 12.4%
Income Comparison: Karlstad vs. U.S. Average
Each bar shows Karlstad’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$61,324
82%
Per Capita
US: $39,052
$32,006
82%
IRS Avg AGI
US: $72,000
$78,876
110%
Avg Weekly Wage
US: $1,432
$1,089
76%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,089
24% below US avg ($1,432)
Mean Commute Time
25 min
9% below US avg (28 min)
Work From Home
4.6%
70% below US avg (15.2%)
Drive Alone
65.6%
10% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$439M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
65.6%
Public Transit
0%
Work From Home
4.6%
Other
29.8%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
348
Restaurants
22
Healthcare
18
Retail
29
Manufacturing
15
Tax & Financial
IRS Avg Adjusted Gross Income
$78,876
10% above US avg ($72,000)
Avg Property Tax
$3,310
5% below US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $61,324 |
| Per Capita Income | $32,006 |
| IRS Avg Adjusted Gross Income | $78,876 |
| Avg Weekly Wage | $1,089 |
| County GDP | $439M |
Hardship Indicators
| Unemployment Rate | 0.4% |
| Poverty Rate | 2.7% |
| Gini Coefficient | 0.384 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 65.6% |
| Public Transit | 0.0% |
| Work From Home | 4.6% |
Businesses
| Total Establishments | 348 |
| Restaurants | 22 |
| Healthcare | 18 |
| Retail | 29 |
| Manufacturing | 15 |
Tax
| IRS Avg AGI | $78,876 |
| Avg Property Tax | $3,310 |