Wales, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Wales, MN: Quick Facts & Overview
- Population: 7,250 residents (0 people per sq. mi.)
- Average House Price: $261,091
- Average Household Income: $76,127
Wales, MN is located in the state of Minnesota. It is home to about 7,250 people, with around 0 residents living in every square mile.
If you want to buy a house in Wales, the average price is around $261,091. That makes local housing 0% higher than the Minnesota average of $260,056, and 15% lower than the national average of $308,592.
The average household in Wales earns about $76,127 a year. This income is 7% lower than the average family in Minnesota ($82,068), and 3% lower than the national average ($78,686).
Population
7,250
Median Household Income
$76,127
Median Home Value
$261,091
Median Age
44.3 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $42,408 |
| Labor Force Participation | 60.0% |
| Unemployment Rate | 2.0% |
| Average Commute Time | 26.0 mins |
Housing & Community Metrics
| Home Ownership Rate | 80.3% |
| Median Rent | $1,096 |
| Rent Burdened (>30% Income) | 28.4% |
| Total Housing Units | 3,070 |
Additional Census & Housing Profile
Geographic Overview
| County | Lake |
| County FIPS | 27075 |
| Metro Area (CBSA) | - |
| Population Density | 0.3/sq mi |
| Coordinates (lat/lng) | 47.2349, -91.7468 |
| Timezone | America/Chicago |
| National Ranking | 5 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.86 |
| Dual Income Families | 53.3% |
Marital Status
| Married | 57.4% |
| Never Married | 22.4% |
| Divorced | 14.3% |
| Widowed | 5.9% |
Gender
| Male | 51.5% |
| Female | 48.5% |
Health & Poverty
| Uninsured Rate (Health) | 6.1% |
| Poverty Rate | 7.9% |
Key Population Groups
| Veterans | 7.4% |
| Disabled Population | 16.6% |
| Limited English Proficiency | - |
All ZIP Codes in Wales
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55616 | 7,250 | $76,127 | $261,091 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Two Harbors, MN | 14.5 miles | 3,567 |
| Knife River, MN | 19.8 miles | 131 |
| Silver Bay, MN | 22.4 miles | 1,769 |
| Finland, MN | 26.2 miles | 257 |
| Hoyt Lakes, MN | 28.3 miles | 2,064 |
| Rice Lake, MN | 29 miles | 4,153 |
| Babbitt, MN | 29.8 miles | 1,393 |
| Aurora, MN | 30.8 miles | 1,792 |
| Biwabik, MN | 34.9 miles | 966 |
| Port Wing, WI | 36.1 miles | 148 |
| Duluth, MN | 36.7 miles | 119,372 |
| Hermantown, MN | 37.7 miles | 10,218 |
| Gilbert, MN | 37.8 miles | 1,697 |
| Cornucopia, WI | 39.8 miles | 108 |
| Eveleth, MN | 40.5 miles | 3,448 |
| Superior, WI | 40.6 miles | 26,677 |
| Virginia, MN | 40.8 miles | 8,332 |
| Proctor, MN | 41 miles | 3,100 |
| Poplar, WI | 45.1 miles | 626 |
| Oliver, WI | 45.5 miles | 462 |
| Soudan, MN | 46 miles | 415 |
| Mountain Iron, MN | 46.4 miles | 2,860 |
| Ely, MN | 46.6 miles | 3,240 |
| Esko, MN | 46.7 miles | 1,813 |
| Tower, MN | 46.9 miles | 367 |
| Brule, WI | 47.4 miles | 162 |
| Meadowlands, MN | 47.6 miles | 174 |
| Brookston, MN | 47.7 miles | 103 |
| Winton, MN | 48 miles | 124 |
| Scanlon, MN | 48.6 miles | 1,146 |
| Iron River, WI | 48.9 miles | 826 |
| Kinney, MN | 49.6 miles | 115 |
| Cloquet, MN | 49.9 miles | 12,537 |
| Lake Nebagamon, WI | 50 miles | 963 |
| Carlton, MN | 50.3 miles | 875 |