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CITY · 2020 ACS

Finland

Minnesota · 215 residents · 6.718 sq mi
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The short version

Finland has notably lower household income than the US average, with a median household income of $46,250. Population has grown 20% since 2019. 6% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $120,700. With a median age of 59.3, the population is older than the US median of 38.8. Households here earn about 37% less than the Minnesota median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 59.3
US median: 38.8
Less educated
6% hold a bachelor's degree
US average: 33%
More affordable
home values down 17%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

215
+20%since 2019
from 179 in 2019
2010 – 2024
32 / sq mi
+20%since 2019
from 27 / sq mi in 2019
US average: 280
59.3
+22%since 2019
from 48.7 in 2019
US average: 38.8
Population, 20102024
156183211239266201020202024Finland
2024257
201020202024
Section 02

Income & economy

$46,250
+10%inflation adjusted, since 2019
from $41,458 in 2019
US average: $66,278
2010 – 2024
$30,294
+31%since 2019
from $23,188 in 2019
US average: $35,364
Households earning $100K+
16.4%
+3.7 ptssince 2019
from 12.8% in 2019
US average: 43.9%
19.7%
−14.4 ptssince 2019
from 34.1% in 2019
US average: 12.8%
Workforce by industry, 2020
Wholesale trade38.6%
US avg: 6.7%
Agriculture, forestry, fishing18.1%
US avg: 1.7%
Manufacturing18.1%
US avg: 0.5%
Information6%
US avg: 11.1%
Finance & insurance4.8%
US avg: 5.5%
Education & health services3.6%
US avg: 0.8%
Retail trade2.4%
US avg: 10%
Professional, scientific, technical1.2%
US avg: 4.7%
Construction0%
US avg: 1.2%
Transportation & warehousing0%
US avg: 2.5%
Arts, entertainment, food0%
US avg: 2%
Other services0%
US avg: 6.6%
Public administration0%
US avg: 4.7%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$120,700
−17%inflation adjusted, since 2019
from $143,200 in 2019
US average: $265,253
2010 – 2024
$627
US average: $1,124
96.7%
+10.5 ptssince 2019
from 86.2% in 2019
3.3% rent
2.6
−24%since 2019
from 3.5 in 2019
2010 – 2024
RELATED:See current rent listings in Finland on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic91.1%(163)
Black0%(0)
Hispanic / Latino2.8%(5)
Asian0%(0)
Other6.1%(11)
Diversity Score20.8%(37)
2020
White, non-Hispanic96.3%(207)
Black0%(0)
Hispanic / Latino0.5%(1)
Asian0%(0)
Other4.8%(10)
Diversity Score12.4%(27)
12
−41%since 2019
from 21 in 2019
2010 – 2024
Section 05

Education

5.7%
−1.3 ptssince 2019
from 7.0% in 2019
US average: 32.9%
High school or higher
99.0%
−1.0 ptssince 2019
from 100.0% in 2019
US average: 88.5%
2.1%
Unchangedsince 2019
from 2.1% in 2019
US average: 12.7%
Section 06

Commute & transportation

16.6 min
−14%since 2019
from 19.2 min in 2019
US average: 26.9
96.3%
+0.2 ptssince 2019
from 96.1% in 2019
US average: 75.1%
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

2.4%
−10.3 ptssince 2019
from 12.6% in 2019
US average: 5.4%
43.6%
−9.8 ptssince 2019
from 53.4% in 2019
US average: 63.4%
30.1%
+11.7 ptssince 2019
from 18.4% in 2019
US average: 39.3%
Section 08

People & community

64.9%
+9.0 ptssince 2019
from 55.9% in 2019
35.1%
−9.0 ptssince 2019
from 44.1% in 2019
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 13.5%
15.9%
+8.6 ptssince 2019
from 7.3% in 2019
US average: 8.8%
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Frequently asked

How many people live in Finland, Minnesota?

Finland, Minnesota has about 215 residents according to the 2020 American Community Survey.

What is the median household income in Finland, Minnesota?

The typical household in Finland, Minnesota earns about $46,250 a year. Half of households make more than that, and half make less.

Is Finland, Minnesota expensive?

In Finland, Minnesota, the median home is worth about $120,700, and the typical rent is about $627 a month.

How educated are people in Finland, Minnesota?

About 5.7% of adults age 25 and over in Finland, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Finland, Minnesota?

About 19.7% of people in Finland, Minnesota live below the federal poverty line.

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

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