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CITY

Excelsior

Minnesota · 2,316 residents (2025 est.) · 0.629 sq mi
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The short version

Excelsior is wealthier than most US places, with a median household income of $103,068. Population has held roughly steady since 2000. 58% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than tripled since 2000, reaching $909,200. With a median age of 47.1, the population is older than the US median of 38.9. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 47.1
US median: 38.9
More educated
58% hold a bachelor's degree
US average: 36%
Less affordable
home values up 163%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,570
+7%since 2000
from 2,393 in 2000
1990 – 2025
Population density
4,086 / sq mi
+7%since 2000
from 3,804 / sq mi in 2000
US average: 281
Median age
47.1
+27%since 2000
from 37.1 in 2000
US average: 38.9

PEP 2025 EST:2,316 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2K2K2K2K3K1990201020202024Excelsior
20243K
1990201020202024
Section 02

Income & economy

Median household income
$103,068
+30%inflation adjusted, since 2000
from $43,598 in 2000
US average: $82,259
1990 – 2024
Per capita income
$84,021
+188%since 2000
from $29,127 in 2000
US average: $44,673
Households earning $100K+
65.6%
+40.9 ptssince 2009
from 24.6% in 2009
US average: 53.3%
Poverty rate
10.0%
+4.3 ptssince 2000
from 5.7% in 2000
US average: 12.5%
Income inequality (Gini)
0.521
+9%since 2010
from 0.476 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade18.7%
US avg: 9.9%
Information14.4%
US avg: 10.8%
Finance & insurance7.7%
US avg: 5.9%
Wholesale trade7.6%
US avg: 6.9%
Other services7.5%
US avg: 6.7%
Professional, scientific, technical6.7%
US avg: 5.1%
Public administration6.6%
US avg: 4.8%
Transportation & warehousing2.4%
US avg: 2.2%
Education & health services1.1%
US avg: 0.9%
Arts, entertainment, food0.2%
US avg: 1.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$909,200
+163%inflation adjusted, since 2000
from $190,100 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,143
+4%inflation adjusted, since 2000
from $604 in 2000
US average: $1,442
Owner-occupied
48.3%
+8.2 ptssince 2000
from 40.1% in 2000
51.7% rent
Vacancy rate
16.9%
+6.4 ptssince 2009
from 10.5% in 2009
US average: 10.0%
Owner cost-burdened
20.5%
−25.3 ptssince 2009
from 45.8% in 2009
US average: 22.9%
Renter cost-burdened
39.4%
+11.3 ptssince 2009
from 28.1% in 2009
US average: 47.4%
Afford Score
8.8
+102%since 2000
from 4.4 in 2000
1990 – 2024
Gentrification Score
82
RELATED:See current rent listings in Excelsior on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic92.3%(2,209)
Black0.8%(18)
Hispanic / Latino3.1%(75)
Asian2.2%(53)
Other0%
Diversity Score14.8%(355)
2024
White, non-Hispanic91.8%(2,358)
Black0.6%(15)
Hispanic / Latino3.9%(101)
Asian2.9%(75)
Other0.8%(21)
Diversity Score19.5%(500)
Diversity Score
19
+31%since 2000
from 15 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
58.2%
+21.0 ptssince 2000
from 37.2% in 2000
US average: 35.6%
High school or higher
99.9%
+7.5 ptssince 2000
from 92.4% in 2000
US average: 89.6%
Graduate degree
15.2%
+2.4 ptssince 2000
from 12.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.6 min
+91%since 2000
from 14.4 min in 2000
US average: 26.5
Drive alone to work
69.1%
−14.8 ptssince 2009
from 83.9% in 2009
US average: 68.9%
Carpooled to work
6.4%
+4.8 ptssince 2009
from 1.6% in 2009
US average: 8.5%
Public transit
0.0%
−1.5 ptssince 2009
from 1.5% in 2009
US average: 3.2%
Worked from home
23.2%
+18.1 ptssince 2009
from 5.1% in 2009
US average: 15.0%
Walked to work
0.0%
−7.9 ptssince 2009
from 7.9% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
4.2%
−0.7 ptssince 2009
from 4.9% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.0%
−4.0 ptssince 2011
from 4.0% in 2011
US average: 5.2%
Labor force participation
73.6%
−1.9 ptssince 2011
from 75.5% in 2011
US average: 63.5%
Self-employed
6.1%
−2.0 ptssince 2009
from 8.2% in 2009
US average: 13.1%
Management & professional
42.0%
−24.6 ptssince 2009
from 66.6% in 2009
US average: 42.5%
Section 08

People & community

Male
49.6%
+0.8 ptssince 2009
from 48.8% in 2009
Female
50.4%
−0.8 ptssince 2009
from 51.2% in 2009
Foreign born
6.0%
−7.3 ptssince 2009
from 13.3% in 2009
US average: 14.1%
Veterans
4.5%
−41.2 ptssince 2009
from 45.8% in 2009
US average: 6.2%
With a disability
8.9%
−1.2 ptssince 2012
from 10.1% in 2012
US average: 13.3%
Uninsured
13.0%
−76.1 ptssince 2013
from 89.1% in 2013
US average: 8.4%
Broadband at home
98.1%
+24.7 ptssince 2017
from 73.4% in 2017
US average: 91.0%
English only at home
94.2%
+5.9 ptssince 2016
from 88.4% in 2016
US average: 77.7%
Spanish at home
4.7%
−3.3 ptssince 2016
from 7.9% in 2016
US average: 13.6%
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Compare Excelsior to nearby cities

EXCELSIOR VS
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Income$143,651+39%
Home value$566,300−38%
Population25,748+1012%
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EXCELSIOR VS
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Home value$1,004,500+10%
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EXCELSIOR VS
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Home value$370,800−59%
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EXCELSIOR VS
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Income$195,639+90%
Home value$581,200−36%
Population12,447+437%
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Frequently asked

How many people live in Excelsior, Minnesota?

Excelsior, Minnesota has about 2,570 residents according to the 2024 American Community Survey.

What is the median household income in Excelsior, Minnesota?

The typical household in Excelsior, Minnesota earns about $103,068 a year. Half of households make more than that, and half make less.

Is Excelsior, Minnesota expensive?

In Excelsior, Minnesota, the median home is worth about $909,200, and the typical rent is about $1,143 a month.

How educated are people in Excelsior, Minnesota?

About 58.2% of adults age 25 and over in Excelsior, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Excelsior, Minnesota?

About 10.0% of people in Excelsior, Minnesota live below the federal poverty line.

Has Excelsior, Minnesota grown since 1990?

Yes, Excelsior, Minnesota has grown since 1990. The population has added about 129 residents, a change of about 5 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →