Finland, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Finland, MN: Quick Facts & Overview
- Population: 257 residents (15 people per sq. mi.)
- Average House Price: $201,240
- Average Household Income: $53,500
Finland, MN is located in the state of Minnesota. It is home to about 257 people, with around 15 residents living in every square mile.
If you want to buy a house in Finland, the average price is around $201,240. That makes local housing 23% lower than the Minnesota average of $260,056, and 35% lower than the national average of $308,592.
The average household in Finland earns about $53,500 a year. This income is 35% lower than the average family in Minnesota ($82,068), and 32% lower than the national average ($78,686).
Population
257
Median Household Income
$53,500
Median Home Value
$201,240
Median Age
54.8 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $32,557 |
| Labor Force Participation | 45.1% |
| Unemployment Rate | 10.3% |
| Average Commute Time | 29.4 mins |
Housing & Community Metrics
| Home Ownership Rate | 85.7% |
| Median Rent | $679 |
| Rent Burdened (>30% Income) | 24.1% |
| Total Housing Units | 154 |
Additional Census & Housing Profile
Geographic Overview
| County | Lake |
| County FIPS | 27075 |
| Metro Area (CBSA) | - |
| Population Density | 14.8/sq mi |
| Coordinates (lat/lng) | 47.4288, -91.2656 |
| Timezone | America/Chicago |
| National Ranking | 3 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.15 |
| Dual Income Families | 44.7% |
Marital Status
| Married | 59.5% |
| Never Married | 24.9% |
| Divorced | 1.7% |
| Widowed | 13.9% |
Gender
| Male | 53.7% |
| Female | 46.3% |
Health & Poverty
| Uninsured Rate (Health) | 0.4% |
| Poverty Rate | 19.8% |
Key Population Groups
| Veterans | 9.7% |
| Disabled Population | 32.3% |
| Limited English Proficiency | - |
All ZIP Codes in Finland
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55603 | 490 | $61,875 | $233,712 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Silver Bay, MN | 9.3 miles | 1,769 |
| Lutsen, MN | 31.7 miles | 222 |
| Two Harbors, MN | 33.6 miles | 3,567 |
| Babbitt, MN | 35.1 miles | 1,393 |
| Cornucopia, WI | 40.2 miles | 108 |
| Hoyt Lakes, MN | 40.7 miles | 2,064 |
| Knife River, MN | 41.1 miles | 131 |
| Winton, MN | 42.6 miles | 124 |
| Ely, MN | 42.8 miles | 3,240 |
| Port Wing, WI | 45.4 miles | 148 |
| Aurora, MN | 46 miles | 1,792 |
| Bayfield, WI | 47.3 miles | 565 |
| Grand Marais, MN | 48.6 miles | 1,796 |
| Biwabik, MN | 50.1 miles | 966 |