CENSUS TRACT
Census Tract 16.03
Minnesota · Olmsted County · 4,901 residents · 24.406 sq mi
Notable rankings
#115highest rent in MN$1,985#116highest household income in MN$144,786#131highest home value in MN$491,700#146highest per-capita income in MN$70,269TRACT SHAPE · Olmsted County, MN
The short version
Census Tract 16.03 is significantly wealthier than the US average, with a median household income of $144,786. Population has held roughly steady since 2020. 57% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $491,700. With a median age of 44.0, the population is older than the US median of 38.9. Households here earn about 52% more than the Olmsted County median.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 44.0
US median: 38.9
More educated
57% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
4,901
+9%since 2020
from 4,496 in 2020
2020 – 2024
Population density
201 / sq mi
+9%since 2020
from 184 / sq mi in 2020
US average: 281
Median age
44.0
+4%since 2020
from 42.3 in 2020
US average: 38.9
Population, 2020 – 2024
20245K
Section 02
Income & economy
Median household income
$144,786
+1%inflation adjusted, since 2020
from $118,679 in 2020
US average: $82,259
2020 – 2024
Per capita income
$70,269
+18%since 2020
from $59,795 in 2020
US average: $44,673
Households earning $100K+
75.7%
+3.6 ptssince 2020
from 72.1% in 2020
US average: 53.3%
Poverty rate
4.8%
+1.5 ptssince 2020
from 3.3% in 2020
US average: 12.5%
Income inequality (Gini)
0.451
+5%since 2020
from 0.429 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade6.1%
Information5.5%
Wholesale trade4.9%
Finance & insurance4%
Professional, scientific, technical3.6%
Other services3.1%
Public administration2.5%
Agriculture, forestry, fishing1%
Construction1%
Arts, entertainment, food0.9%
Transportation & warehousing0.4%
Education & health services0.3%
Manufacturing0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$491,700
+16%inflation adjusted, since 2020
from $350,300 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,985
+51%inflation adjusted, since 2020
from $1,087 in 2020
US average: $1,442
Owner-occupied
94.5%
−0.2 ptssince 2020
from 94.7% in 2020
5.5% rent
Vacancy rate
3.9%
+3.3 ptssince 2020
from 0.6% in 2020
US average: 10.0%
Owner cost-burdened
17.7%
+7.4 ptssince 2020
from 10.2% in 2020
US average: 22.9%
Renter cost-burdened
42.0%
+13.1 ptssince 2020
from 28.9% in 2020
US average: 47.4%
Afford Score
3.4
+15%since 2020
from 3.0 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 16.03 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic80.6%(3,624)
Black0%(0)
Hispanic / Latino2.5%(113)
Asian12.3%(552)
Other4.6%(207)
Diversity Score41.6%(1,868)
2024
White, non-Hispanic79.8%(3,909)
Black0.4%(22)
Hispanic / Latino2.8%(138)
Asian12.1%(591)
Other4.9%(241)
Diversity Score43.3%(2,120)
Diversity Score
43
+4%since 2020
from 42 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
56.7%
−3.4 ptssince 2020
from 60.1% in 2020
US average: 35.6%
High school or higher
95.0%
−0.4 ptssince 2020
from 95.4% in 2020
US average: 89.6%
Graduate degree
30.1%
−2.7 ptssince 2020
from 32.8% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
18.7 min
−3%since 2020
from 19.3 min in 2020
US average: 26.5
Drive alone to work
75.3%
+5.0 ptssince 2020
from 70.4% in 2020
US average: 68.9%
Carpooled to work
5.7%
−7.5 ptssince 2020
from 13.3% in 2020
US average: 8.5%
Public transit
0.3%
−3.3 ptssince 2020
from 3.6% in 2020
US average: 3.2%
Worked from home
16.8%
+6.2 ptssince 2020
from 10.6% in 2020
US average: 15.0%
Walked to work
0.4%
+0.4 ptssince 2020
from 0.0% in 2020
US average: 2.4%
Biked to work
0.9%
−1.2 ptssince 2020
from 2.1% in 2020
US average: 0.4%
No vehicle available
1.8%
−0.9 ptssince 2020
from 2.6% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
2.8%
+0.2 ptssince 2020
from 2.7% in 2020
US average: 5.2%
Labor force participation
66.6%
−6.3 ptssince 2020
from 72.9% in 2020
US average: 63.5%
Self-employed
22.9%
+0.9 ptssince 2020
from 22.1% in 2020
US average: 13.1%
Management & professional
60.2%
+2.8 ptssince 2020
from 57.5% in 2020
US average: 42.5%
Section 08
People & community
Male
45.8%
−4.3 ptssince 2020
from 50.1% in 2020
Female
54.2%
+4.3 ptssince 2020
from 49.9% in 2020
Foreign born
10.6%
+1.7 ptssince 2020
from 8.9% in 2020
US average: 14.1%
Veterans
5.0%
−1.2 ptssince 2020
from 6.2% in 2020
US average: 6.2%
With a disability
10.9%
+4.0 ptssince 2020
from 6.9% in 2020
US average: 13.3%
Uninsured
2.1%
−0.2 ptssince 2020
from 2.3% in 2020
US average: 8.4%
Broadband at home
97.3%
+1.9 ptssince 2020
from 95.4% in 2020
US average: 91.0%
English only at home
88.7%
−2.2 ptssince 2020
from 90.9% in 2020
US average: 77.7%
Spanish at home
1.8%
+0.7 ptssince 2020
from 1.1% in 2020
US average: 13.6%
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Places similar to Census Tract 16.03Head to head
Compare Census Tract 16.03 to nearby tracts
CENSUS TRACT 16.03 VS
Census Tract 23
Income$87,703−39%
Home value$296,300−40%
Population5,818+19%
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CENSUS TRACT 16.03 VS
Census Tract 16.02
Income$146,667+1%
Home value$424,300−14%
Population2,970−39%
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CENSUS TRACT 16.03 VS
Census Tract 16.01
Income$82,333−43%
Home value$295,800−40%
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CENSUS TRACT 16.03 VS
Census Tract 15.03
Income$110,117−24%
Home value$277,800−44%
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Frequently asked
How many people live in this census tract?
this census tract has about 4,901 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $144,786 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $491,700, and the typical rent is about $1,985 a month.
How educated are people in this census tract?
About 56.7% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 4.8% of people in this census tract live below the federal poverty line.
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Containing area
Olmsted CountyOther census tracts in Olmsted County
Census Tract 12.03Census Tract 14.03Census Tract 9.01Census Tract 14.04Census Tract 21Census Tract 20Census Tract 18Census Tract 23Census Tract 2Census Tract 17.03Census Tract 16.01Census Tract 14.01Census Tract 17.02Census Tract 13.02Census Tract 13.01Census Tract 19.02DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024