CENSUS TRACT
Census Tract 703.01
Minnesota · Washington County · 1,742 residents · 3.667 sq mi
Notable rankings
#13highest home value in MN$780,500#15highest household income in MN#1329 US$213,542#22highest rent in MN$2,625#24highest per-capita income in MN$98,584TRACT SHAPE · Washington County, MN
The short version
Census Tract 703.01 is significantly wealthier than the US average, with a median household income of $213,542. Population has declined 8% since 2020. 69% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has risen by half since 2020, reaching $780,500. Poverty is rare here, at 3.2% of residents. Households here earn about 85% more than the Washington County median.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 43.2
US median: 38.9
More educated
69% 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
1,742
−8%since 2020
from 1,893 in 2020
2020 – 2024
Population density
475 / sq mi
−8%since 2020
from 516 / sq mi in 2020
US average: 281
Median age
43.2
Unchangedsince 2020
from 43.0 in 2020
US average: 38.9
Population, 2020 – 2024
20242K
Section 02
Income & economy
Median household income
$213,542
−6%inflation adjusted, since 2020
from $187,188 in 2020
US average: $82,259
2020 – 2024
Per capita income
$98,584
+29%since 2020
from $76,512 in 2020
US average: $44,673
Households earning $100K+
85.2%
+5.9 ptssince 2020
from 79.4% in 2020
US average: 53.3%
Poverty rate
3.2%
+1.3 ptssince 2020
from 1.9% in 2020
US average: 12.5%
Income inequality (Gini)
0.469
+6%since 2020
from 0.441 in 2020
US average: 0.476
Workforce by industry, 2024
Other services13.1%
Information12.8%
Retail trade12.6%
Public administration10.8%
Wholesale trade6.6%
Finance & insurance3.4%
Professional, scientific, technical2.5%
Arts, entertainment, food1.5%
Transportation & warehousing0.9%
Education & health services0.9%
Agriculture, forestry, fishing0.6%
Construction0.6%
Manufacturing0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$780,500
+25%inflation adjusted, since 2020
from $516,300 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$2,625
US average: $1,442
Owner-occupied
96.5%
−1.2 ptssince 2020
from 97.7% in 2020
3.5% rent
Vacancy rate
6.4%
−0.4 ptssince 2020
from 6.8% in 2020
US average: 10.0%
Owner cost-burdened
17.9%
+0.4 ptssince 2020
from 17.5% in 2020
US average: 22.9%
Renter cost-burdened
47.6%
+19.0 ptssince 2020
from 28.6% in 2020
US average: 47.4%
Afford Score
3.7
+33%since 2020
from 2.8 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 703.01 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic91.6%(1,734)
Black2.4%(46)
Hispanic / Latino3.2%(60)
Asian2.7%(51)
Other0.1%(2)
Diversity Score19.8%(375)
2024
White, non-Hispanic93.1%(1,621)
Black1.1%(19)
Hispanic / Latino2.4%(41)
Asian1.1%(19)
Other2.4%(42)
Diversity Score16.6%(289)
Diversity Score
17
−16%since 2020
from 20 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
68.6%
+1.7 ptssince 2020
from 66.9% in 2020
US average: 35.6%
High school or higher
99.9%
+0.8 ptssince 2020
from 99.1% in 2020
US average: 89.6%
Graduate degree
28.8%
+3.3 ptssince 2020
from 25.5% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
25.5 min
−8%since 2020
from 27.6 min in 2020
US average: 26.5
Drive alone to work
62.2%
−12.7 ptssince 2020
from 75.0% in 2020
US average: 68.9%
Carpooled to work
4.1%
+0.5 ptssince 2020
from 3.6% in 2020
US average: 8.5%
Public transit
0.3%
−0.8 ptssince 2020
from 1.1% in 2020
US average: 3.2%
Worked from home
31.6%
+12.7 ptssince 2020
from 18.9% in 2020
US average: 15.0%
Walked to work
0.0%
−0.2 ptssince 2020
from 0.2% in 2020
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
1.2%
+0.4 ptssince 2020
from 0.8% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
0.6%
−1.9 ptssince 2020
from 2.6% in 2020
US average: 5.2%
Labor force participation
59.3%
−8.9 ptssince 2020
from 68.1% in 2020
US average: 63.5%
Self-employed
16.8%
+4.9 ptssince 2020
from 11.9% in 2020
US average: 13.1%
Management & professional
63.0%
+7.3 ptssince 2020
from 55.7% in 2020
US average: 42.5%
Section 08
People & community
Male
49.0%
+1.8 ptssince 2020
from 47.1% in 2020
Female
51.0%
−1.8 ptssince 2020
from 52.9% in 2020
Foreign born
2.6%
−0.6 ptssince 2020
from 3.2% in 2020
US average: 14.1%
Veterans
8.5%
+0.5 ptssince 2020
from 8.1% in 2020
US average: 6.2%
With a disability
5.7%
+2.1 ptssince 2020
from 3.6% in 2020
US average: 13.3%
Uninsured
1.4%
+1.0 ptssince 2020
from 0.4% in 2020
US average: 8.4%
Broadband at home
96.2%
−1.9 ptssince 2020
from 98.1% in 2020
US average: 91.0%
English only at home
95.5%
−0.8 ptssince 2020
from 96.3% in 2020
US average: 77.7%
Spanish at home
1.5%
+0.4 ptssince 2020
from 1.1% in 2020
US average: 13.6%
Drill deeper
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Compare Census Tract 703.01 to nearby tracts
CENSUS TRACT 703.01 VS
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Home value$464,000−41%
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CENSUS TRACT 703.01 VS
Census Tract 405.02
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CENSUS TRACT 703.01 VS
Census Tract 401.02
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CENSUS TRACT 703.01 VS
Census Tract 703.04
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Frequently asked
How many people live in this census tract?
this census tract has about 1,742 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 $213,542 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 $780,500, and the typical rent is about $2,625 a month.
How educated are people in this census tract?
About 68.6% 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 3.2% of people in this census tract live below the federal poverty line.
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Containing area
Washington CountyOther census tracts in Washington County
Census Tract 710.19Census Tract 712.07Census Tract 714Census Tract 704.06Census Tract 702.04Census Tract 712.08Census Tract 712.11Census Tract 701.03Census Tract 709.07Census Tract 710.21Census Tract 712.09Census Tract 704.05Census Tract 709.10Census Tract 702.07Census Tract 713Census Tract 710.13DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024