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CITY

Loretto

Minnesota · 613 residents (2025 est.) · 0.258 sq mi
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The short version

Loretto is significantly wealthier than the US average, with a median household income of $114,167. Population has grown 38% since 2000. 45% of adults hold a bachelor's degree or higher. Median home value has more than doubled since 2000, reaching $361,500. It ranks in the top 5% of US cities for household income. Households here earn about 28% more than the Minnesota median.

At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 37.0
US median: 38.9
More educated
45% hold a bachelor's degree
US average: 36%
Less affordable
home values up 32%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
784
+38%since 2000
from 570 in 2000
1990 – 2025
Population density
3,039 / sq mi
+38%since 2000
from 2,209 / sq mi in 2000
US average: 281
Median age
37.0
+6%since 2000
from 34.9 in 2000
US average: 38.9

PEP 2025 EST:613 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
3865006157298431990201020202024Loretto
2024784
1990201020202024
Section 02

Income & economy

Median household income
$114,167
+15%inflation adjusted, since 2000
from $54,375 in 2000
US average: $82,259
1990 – 2024
Per capita income
$61,954
+126%since 2000
from $27,443 in 2000
US average: $44,673
Households earning $100K+
70.3%
+27.3 ptssince 2009
from 43.0% in 2009
US average: 53.3%
Poverty rate
7.4%
+5.9 ptssince 2000
from 1.6% in 2000
US average: 12.5%
Income inequality (Gini)
0.472
+41%since 2010
from 0.335 in 2010
US average: 0.476
Workforce by industry, 2024
Other services16.7%
US avg: 6.7%
Information14.7%
US avg: 10.8%
Public administration14.7%
US avg: 4.8%
Retail trade14%
US avg: 9.9%
Finance & insurance5.7%
US avg: 5.9%
Professional, scientific, technical5.7%
US avg: 5.1%
Wholesale trade4.8%
US avg: 6.9%
Transportation & warehousing3.4%
US avg: 2.2%
Arts, entertainment, food1.4%
US avg: 1.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$361,500
+32%inflation adjusted, since 2000
from $150,000 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$630
−12%inflation adjusted, since 2000
from $393 in 2000
US average: $1,442
Owner-occupied
83.8%
+9.6 ptssince 2000
from 74.2% in 2000
16.2% rent
Vacancy rate
4.3%
−2.5 ptssince 2009
from 6.8% in 2009
US average: 10.0%
Owner cost-burdened
17.3%
−17.1 ptssince 2009
from 34.4% in 2009
US average: 22.9%
Renter cost-burdened
8.5%
−61.0 ptssince 2009
from 69.5% in 2009
US average: 47.4%
Afford Score
3.2
+15%since 2000
from 2.8 in 2000
1990 – 2024
Gentrification Score
66
RELATED:See current rent listings in Loretto on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98.9%(564)
Black0%(0)
Hispanic / Latino0.2%(1)
Asian0%(0)
Other0%
Diversity Score0.4%(3)
2024
White, non-Hispanic93.9%(736)
Black4.5%(35)
Hispanic / Latino1.1%(9)
Asian0.1%(1)
Other0.4%(3)
Diversity Score14.6%(114)
Diversity Score
15
+3199%since 2000
from 0 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
45.4%
+24.3 ptssince 2000
from 21.1% in 2000
US average: 35.6%
High school or higher
94.6%
+5.4 ptssince 2000
from 89.2% in 2000
US average: 89.6%
Graduate degree
10.9%
+7.0 ptssince 2000
from 3.9% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
28.5 min
+71%since 2000
from 16.7 min in 2000
US average: 26.5
Drive alone to work
71.8%
−18.8 ptssince 2009
from 90.6% in 2009
US average: 68.9%
Carpooled to work
5.8%
+2.5 ptssince 2009
from 3.3% in 2009
US average: 8.5%
Public transit
0.5%
+0.5 ptssince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
19.2%
+17.4 ptssince 2009
from 1.8% in 2009
US average: 15.0%
Walked to work
2.8%
+0.2 ptssince 2009
from 2.5% 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
2.4%
−2.8 ptssince 2009
from 5.2% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.4%
−4.2 ptssince 2011
from 5.5% in 2011
US average: 5.2%
Labor force participation
75.7%
+3.1 ptssince 2011
from 72.5% in 2011
US average: 63.5%
Self-employed
9.6%
−1.4 ptssince 2009
from 11.1% in 2009
US average: 13.1%
Management & professional
54.4%
−13.0 ptssince 2009
from 67.3% in 2009
US average: 42.5%
Section 08

People & community

Male
48.7%
−2.1 ptssince 2009
from 50.8% in 2009
Female
51.3%
+2.1 ptssince 2009
from 49.2% in 2009
Foreign born
3.2%
+3.2 ptssince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
3.9%
−45.9 ptssince 2009
from 49.8% in 2009
US average: 6.2%
With a disability
4.3%
−3.4 ptssince 2012
from 7.7% in 2012
US average: 13.3%
Uninsured
3.4%
−91.4 ptssince 2013
from 94.8% in 2013
US average: 8.4%
Broadband at home
93.8%
+14.1 ptssince 2017
from 79.7% in 2017
US average: 91.0%
English only at home
95.7%
−2.4 ptssince 2016
from 98.1% in 2016
US average: 77.7%
Spanish at home
1.7%
+0.4 ptssince 2016
from 1.3% in 2016
US average: 13.6%
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Frequently asked

How many people live in Loretto, Minnesota?

Loretto, Minnesota has about 784 residents according to the 2024 American Community Survey.

What is the median household income in Loretto, Minnesota?

The typical household in Loretto, Minnesota earns about $114,167 a year. Half of households make more than that, and half make less.

Is Loretto, Minnesota expensive?

In Loretto, Minnesota, the median home is worth about $361,500, and the typical rent is about $630 a month.

How educated are people in Loretto, Minnesota?

About 45.4% of adults age 25 and over in Loretto, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Loretto, Minnesota?

About 7.4% of people in Loretto, Minnesota live below the federal poverty line.

Has Loretto, Minnesota grown since 1990?

Yes, Loretto, Minnesota has grown since 1990. The population has added about 360 residents, a change of about 85 percent over that period.

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

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