Floodwood
Floodwood has notably lower household income than the US average, with a median household income of $32,895. Population has held roughly steady since 2000. 6% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $80,000. The poverty rate of 24.4% is well above the national figure. Households here earn about 55% less than the Minnesota median.
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How many people live in Floodwood, Minnesota?
Floodwood, Minnesota has about 517 residents according to the 2020 American Community Survey.
What is the median household income in Floodwood, Minnesota?
The typical household in Floodwood, Minnesota earns about $32,895 a year. Half of households make more than that, and half make less.
Is Floodwood, Minnesota expensive?
In Floodwood, Minnesota, the median home is worth about $80,000, and the typical rent is about $555 a month.
How educated are people in Floodwood, Minnesota?
About 6.4% of adults age 25 and over in Floodwood, Minnesota hold a bachelor's degree or higher.
What is the poverty rate in Floodwood, Minnesota?
About 24.4% of people in Floodwood, Minnesota live below the federal poverty line.
Has Floodwood, Minnesota grown since 1990?
Yes, Floodwood, Minnesota has shrunk since 1990. The population has lost about 61 residents, a change of about -11 percent over that period.
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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024