At a Glance
Median Income
$110,833
$57,931 per capita
Home Value
$350,600
Zillow: $388,329
Median Rent
$888/mo
26.3% of income on rent
Bachelor's Degree+
47.6%
95.6% high school+
Unemployment
1.4%
6.8% poverty rate
Obesity Rate
24.0%
8.4% smoking rate
How Loretto Compares to the U.S. Average
Each bar shows Loretto's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Loretto a Good Place to Live?
A+
4.9 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Loretto residents earn a median household income of $110,833 , which is 47% above the national average of $75,149.
Per capita income is $57,931. The unemployment rate stands at 1.4% (61% below the U.S. rate of 3.6%). 6.8% of residents live below the poverty line. The area is home to 44,785 business establishments, including 3,018 restaurants.
Housing & Cost of Living
The median home value in Loretto is $350,600 , 24% above the national median of $281,900.
Zillow estimates the typical home at $388,329. Median rent is $888/month, with 26.3% 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 1989.
Education
47.6% of adults in Loretto hold a bachelor's degree or higher
(41% above the national average).
95.6% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
Loretto has an average annual temperature of 45°F (7°C).
Winters average 14°F in January while summers reach 72°F in July. Annual precipitation totals 30.6 inches. Air quality is rated Good with a median AQI of 42.
Data Overview
People
Population805
Median Age35.6 yrs
Density3,096/mi²
Male / Female49% / 51%
Foreign Born4.0%
Veterans3.6%
Economy
A+
Median Income$110,833
Per Capita$57,931
Unemployment1.4%
Poverty6.8%
County GDP$193,617M
Avg Weekly Wage$1,734
Housing
A+
Home Value$350,600
Rent$888
Ownership82.7%
Zillow$388,329
Housing Units289
Rent Burden26.3%
Health
Obesity24.0%
Diabetes5.5%
Smoking8.4%
Heart Disease3.9%
Premature Death6,600/100K
Climate
Avg Temp45°F
Rain30.6 in/yr
AQI42 (Good)
Elevation1,017 ft
Education
A+
Bachelor's+47.6%
High School+95.6%
Graduate+12.4%
School Score6.2/10
Community
2024 VoteR 28% / D 70%
Commute30 min
Broadband93.7%
Internet Speed200 Mbps
EV Stations1
Libraries41
Did You Know?
The median home in Loretto was built in 1989.
17.2% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (23 miles).
The Gini coefficient (income inequality) is 0.479 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
4.6% of the population has a disability.
Average internet download speed is 200 Mbps.
There are 3,018 restaurants in the area.
The county recorded 60 fatal vehicle crashes.