Forsman, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Forsman, MN: Quick Facts & Overview
- Population: 906 residents (0 people per sq. mi.)
- Average House Price: $178,365
- Average Household Income: $72,102
Forsman, MN is located in the state of Minnesota. It is home to about 906 people, with around 0 residents living in every square mile.
If you want to buy a house in Forsman, the average price is around $178,365. That makes local housing 31% lower than the Minnesota average of $260,056, and 42% lower than the national average of $308,592.
The average household in Forsman earns about $72,102 a year. This income is 12% lower than the average family in Minnesota ($82,068), and 8% lower than the national average ($78,686).
Population
906
Median Household Income
$72,102
Median Home Value
$178,365
Median Age
39.9 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $49,250 |
| Labor Force Participation | 57.7% |
| Unemployment Rate | 3.3% |
| Average Commute Time | 29.6 mins |
Housing & Community Metrics
| Home Ownership Rate | 93.5% |
| Median Rent | $950 |
| Rent Burdened (>30% Income) | - |
| Total Housing Units | 336 |
Additional Census & Housing Profile
Geographic Overview
| County | St. Louis |
| County FIPS | 27137 |
| Metro Area (CBSA) | Duluth, MN-WI |
| Combined Area (CSA) | Duluth-Grand Rapids, MN-WI |
| Population Density | 0.1/sq mi |
| Coordinates (lat/lng) | 47.7080, -92.5788 |
| Timezone | America/Chicago |
| National Ranking | 5 |
| Incorporated | No |
Household Structure
| Average Family Size | 3.22 |
| Dual Income Families | 42.3% |
Marital Status
| Married | 54.0% |
| Never Married | 23.8% |
| Divorced | 16.5% |
| Widowed | 5.7% |
Gender
| Male | 50.8% |
| Female | 49.2% |
Health & Poverty
| Uninsured Rate (Health) | 4.4% |
| Poverty Rate | 6.6% |
Key Population Groups
| Veterans | 6.9% |
| Disabled Population | 8.7% |
| Limited English Proficiency | - |
All ZIP Codes in Forsman
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55703 | 906 | $72,102 | $178,365 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Cook, MN | 10.5 miles | 423 |
| Mountain Iron, MN | 11.3 miles | 2,860 |
| Virginia, MN | 13.6 miles | 8,332 |
| Kinney, MN | 14.8 miles | 115 |
| Tower, MN | 15.6 miles | 367 |
| Biwabik, MN | 15.9 miles | 966 |
| Gilbert, MN | 16 miles | 1,697 |
| Buhl, MN | 16.9 miles | 1,022 |
| Eveleth, MN | 17 miles | 3,448 |
| Soudan, MN | 17.5 miles | 415 |
| Aurora, MN | 20 miles | 1,792 |
| Chisholm, MN | 20.7 miles | 4,712 |
| Hoyt Lakes, MN | 23.8 miles | 2,064 |
| Orr, MN | 26.8 miles | 368 |
| Hibbing, MN | 27.5 miles | 16,057 |
| Babbitt, MN | 29.8 miles | 1,393 |
| Keewatin, MN | 31.7 miles | 1,215 |
| Nashwauk, MN | 35.5 miles | 926 |
| Ely, MN | 36.4 miles | 3,240 |
| Winton, MN | 39.2 miles | 124 |
| Calumet, MN | 41.8 miles | 279 |
| Marble, MN | 42.5 miles | 669 |
| Meadowlands, MN | 44.4 miles | 174 |
| Taconite, MN | 45.4 miles | 468 |
| Bovey, MN | 47.9 miles | 646 |
| Bigfork, MN | 50 miles | 375 |
| Warba, MN | 50.9 miles | 146 |
| Coleraine, MN | 51 miles | 2,150 |