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CITY · 2020 ACS

Loretto

Minnesota · 646 residents · 0.258 sq mi
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The short version

Loretto is wealthier than most US places, with a median household income of $73,942. Population has held roughly steady since 2000. 46% of adults hold a bachelor's degree or higher. Median home value has risen by half since 2000, reaching $267,600. Poverty is rare here, at 5.6% of residents.

At a glance
Wealthier
above the US median
US median: $66,278
Mid-age
median age 39.7
US median: 38.8
More educated
46% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
646
+13%since 2000
from 570 in 2000
1990 – 2025
Population density
2,504 / sq mi
+13%since 2000
from 2,209 / sq mi in 2000
US average: 280
Median age
39.7
+14%since 2000
from 34.9 in 2000
US average: 38.8
Population, 1990 – 2024
3865006157298431990201020202024Loretto
2024784
1990201020202024
Section 02

Income & economy

Median household income
$73,942
−10%inflation adjusted, since 2000
from $54,375 in 2000
US average: $66,278
1990 – 2024
Per capita income
$47,536
+73%since 2000
from $27,443 in 2000
US average: $35,364
Households earning $100K+
48.0%
+5.0 ptssince 2009
from 43.0% in 2009
US average: 43.9%
Poverty rate
5.6%
+4.0 ptssince 2000
from 1.6% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade19.7%
US avg: 10%
Other services13.3%
US avg: 6.6%
Information12.5%
US avg: 11.1%
Public administration11.4%
US avg: 4.7%
Wholesale trade6.1%
US avg: 6.7%
Transportation & warehousing2.7%
US avg: 2.5%
Finance & insurance2.4%
US avg: 5.5%
Professional, scientific, technical2.4%
US avg: 4.7%
Arts, entertainment, food1.3%
US avg: 2%
Agriculture, forestry, fishing0.5%
US avg: 1.7%
Construction0.5%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$267,600
+19%inflation adjusted, since 2000
from $150,000 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$683
+16%inflation adjusted, since 2000
from $393 in 2000
US average: $1,124
Owner-occupied
78.7%
+4.5 ptssince 2000
from 74.2% in 2000
21.3% rent
Afford Score
3.6
+31%since 2000
from 2.8 in 2000
1990 – 2024
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)
2020
White, non-Hispanic94.6%(611)
Black0%(0)
Hispanic / Latino2.3%(15)
Asian0.3%(2)
Other0%(0)
Diversity Score6.6%(43)
Diversity Score
7
+1395%since 2000
from 0 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
45.6%
+24.5 ptssince 2000
from 21.1% in 2000
US average: 32.9%
High school or higher
97.2%
+8.0 ptssince 2000
from 89.2% in 2000
US average: 88.5%
Graduate degree
10.8%
+6.9 ptssince 2000
from 3.9% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
32.1 min
+92%since 2000
from 16.7 min in 2000
US average: 26.9
Drive alone to work
75.5%
−15.1 ptssince 2009
from 90.6% in 2009
US average: 75.1%
No vehicle available
1.4%
−3.8 ptssince 2009
from 5.2% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.8%
−2.7 ptssince 2011
from 5.5% in 2011
US average: 5.4%
Labor force participation
70.7%
−1.8 ptssince 2011
from 72.5% in 2011
US average: 63.4%
Management & professional
53.7%
−13.6 ptssince 2009
from 67.3% in 2009
US average: 39.3%
Section 08

People & community

Male
46.1%
−4.7 ptssince 2009
from 50.8% in 2009
Female
53.9%
+4.7 ptssince 2009
from 49.2% in 2009
Foreign born
0.3%
+0.3 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
0.3%
−94.5 ptssince 2013
from 94.8% in 2013
US average: 8.8%
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LORETTO VS
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Frequently asked

How many people live in Loretto, Minnesota?

Loretto, Minnesota has about 646 residents according to the 2020 American Community Survey.

What is the median household income in Loretto, Minnesota?

The typical household in Loretto, Minnesota earns about $73,942 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 $267,600, and the typical rent is about $683 a month.

How educated are people in Loretto, Minnesota?

About 45.6% 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 5.6% 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 222 residents, a change of about 52 percent over that period.

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

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