Loretto, MN

Minnesota · Metropolitan Area

Loretto is a small town in Minnesota with a population of 805. Residents earn $110,833 per year, which is 47% above the national average.

4.9 /5.0
A+ Excellent
805 Population 3,096/sq mi density
$110,833 Median Income $57,931 per capita
$350,600 Home Value $379,396 Zillow
$888 Median Rent
45°F Avg Temperature
A+
Overall
4.9 / 5.0
Excellent overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$110,833 median income, 1.0% unemployment
A+
Affordability
4.9 / 5.0
$350,600 home value, $888/mo rent
A+
Education
4.8 / 5.0
47.6% bachelor's degree or higher
Median Income $110,833
47% higher than US avg
Home Value $350,600
24% higher than US avg
Bachelor's+ 47.6%
41% higher than US avg
Median Rent $888
24% lower than US avg
Obesity Rate 24.0%
25% lower than US avg
Unemployment 1.0%
72% lower than US avg
Poverty Rate 6.8%
45% lower than US avg

How Loretto Compares to the U.S. Average (100% = U.S. avg)

People

Population805
Median Age35.6 yrs
Density3,096/mi²
Male / Female49% / 51%
Largest GroupWhite 94%

Economy

A+
Median Income$110,833
Per Capita$57,931
Unemployment1.0%
Poverty6.8%
County GDP$193,617M
Commute30 min

Housing

A+
Home Value$350,600
Rent$888
OwnershipN/A
Zillow$379,396

Crime

ViolentN/A
PropertyN/A

Health

Obesity24.0%
UninsuredN/A
Depression27.0%
Heart Disease3.9%

Climate

Avg Temp45°F
AQI36 (Good)
Elevation1,017 ft

Education

A+
Bachelor's+47.6%
High School+95.6%
School Score6.08

Community

2024 VoteR 28% / D 70%
Commute30 min
Libraries41

Is Loretto a Good Place to Live?

Based on current data, Loretto receives an overall livability score of 4.9 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, a low poverty rate. Loretto stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Loretto is $110,833, which is significantly higher than the national average — 47% above $75,149. This places Loretto among higher-income communities. The job market is very strong with unemployment at just 1.0%. Only 6.8% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 30 minutes.

Cost of Living & Housing

The median home value in Loretto is $350,600, 24% above the national median. Renters pay a median of $888 per month, below the national average — a plus for affordability. A price-to-income ratio of 3.2x indicates a reasonably affordable housing market.

Education

Educational attainment is solid, with 47.6% holding a bachelor's degree or higher, near the national average. 95.6% have completed high school. Local schools score 6.1/10 in standardized testing, reflecting strong academic performance.

Climate & Weather

Loretto has a cool climate with an average annual temperature of 45°F. Winters average 14°F in January while summers reach 72°F in July. Air quality is rated Good with a median AQI of 36.

Loretto has a population of 805 with a density of 3,096 people per square mile. The median age is 35.6 years, 8% younger than the national median of 38.9. The city is predominantly White (93.8%), with 5% Black.

Population

805
Total Population
3,096
People / sq mi
35.6yrs
Median Age
8% below US avg
0.3mi²
Land Area

Gender Distribution

Male 48.7%
Female 51.3%

Race & Ethnicity

Loretto vs U.S. Average

Language Spoken at Home

English Only96.0%
22% above US avg
Spanish4.0%
70% below US avg

Social Characteristics

Loretto vs U.S. Average

The median household income in Loretto is $110,833, which is 47% above the national average of $75,149. The unemployment rate is 1.0% (below the 3.6% US average). 6.8% of residents live below the poverty line. Workers commute an average of 30 minutes.

Income: Loretto vs U.S.

Commute Mode

Income

Median HH Income$110,833
47% above US avg
Per Capita Income$57,931
Avg Weekly Wage$1,734
IRS Avg AGI$115,538

Employment & Poverty

Unemployment1.0%
72% below US avg
Poverty Rate6.8%
45% below US avg
Establishments (County)44,785
County GDP$193,617M

Business (County)

Restaurants3,018
Healthcare5,330
Retail3,721
Manufacturing1,443

Tax & Cost of Living

Property Tax (IRS)$7,736
121% above US avg
Effective Tax Rate2.21%

Commute & Transportation

Commute Time29.8 min
Work from Home17.2%

Walkability

The median home value in Loretto is $350,600, 24% above the national average. Monthly rent averages $888 (24% below US avg). Zillow estimates the typical home value at $379,396.

Home Value Sources

Ownership Split

Home Values

Census Median$350,600
24% above US avg
Zillow ZHVI$379,396

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$888
24% below US avg

HUD Fair Market Rent

Studio$809
1 Bedroom$899
2 Bedrooms$1,125
3 Bedrooms$1,483
4 Bedrooms$1,698

Ownership & Property

Owner-Occupied82.7%

Property Tax

Avg Tax (IRS)$7,736
121% above US avg
Effective Rate2.21%
In Loretto, 24.0% of adults are obese (below the 32.1% national rate). 27.0% report depression. 13.2% are physically inactive.

Health Metrics: Loretto vs U.S. Average (%)

Chronic Conditions

Obesity24.0%
25% below US avg
Diabetes5.5%
Heart Disease3.9%
High Blood Pressure23.3%
Asthma9.3%
COPD3.1%
Stroke2.0%

Behaviors & Mental Health

Binge Drinking22.4%
Physical Inactivity13.2%
Depression27.0%
Mental Distress13.7%
Physical Distress7.9%

Healthcare Access

Insurance Rate97.3%
Checkup Rate72.9%
Premature Death6,600/100K

Food & Exercise

Food Environment9.2/10
Exercise Access99.1%
Healthcare Facilities5,330

Crime Rates: Loretto vs U.S. Average (per 100,000)

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)60

Safety Score

Loretto has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 72°F in July. Air quality is rated Good with a median AQI of 36.

Temperature

14°F Jan (-10°C) 72°F Jul (22°C)
Annual Average44.5°F
18% below US avg
January Average14°F (-10°C)
July Average72°F (22°C)

Precipitation & Snow

Air Quality

AQI Median36.0
RatingGood

Geography

Elevation1,017 ft (310 m)
Area0.3 sq mi (0.7 km²)
Population Density3,096/sq mi
Coordinates45.0548°N, 93.6353°W
County FIPS27053
It is classified as Metro — 1 million+. 47.6% of residents hold a bachelor's degree or higher (41% above US avg). In the 2024 election, the county voted Democrat by a 42.6-point margin.

2024 Presidential Election (County)

R 27.5%
D 70.2%

Winner: Democrat by 42.6 points

Education

Bachelor's Degree+47.6%
41% above US avg
High School+95.6%
School Test Score6.08
A+ Education Grade (4.8/5.0)

Urban-Rural Classification

RUCC Code 1Metro — 1 million+
Population Density3,096/sq mi
Total Area0.3 sq mi

Infrastructure & Services

Public Libraries41
Healthcare Facilities5,330
Restaurants3,018
Retail Stores3,721

Safety & Disasters

Fatal Crashes (County/yr)60

Commute & Transportation

Avg Commute29.8 min
Work from Home17.2%

Nearby Cities

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