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Minneapolis, Minnesota Mortgage and Housing Information
Population: 382,618
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Minneapolis
Income
| U.S. | Minnesota | Minneapolis | |
|---|---|---|---|
| Median Earnings | $27,239 | $30,174 | $26,561 |
| Median Earnings, Males | $32,396 | $36,337 | $30,452 |
| Median Earnings, Females | $22,097 | $23,932 | $22,983 |
Males earn $7,469 (32.5%) more than Females in Minneapolis.
Commuting in Minneapolis
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 125,583 |
| Carpooled | 23,132 |
| Public Transit | 29,681 |
| Bicycle | 3,856 |
| Walking | 13,488 |
| Other Means | 1,275 |
| Total, Commuted | 197,015 |
| Worked from home | 6,936 |
| Total | 203,951 |
Time Spent Commuting in Minneapolis
Time spent commuting in Minneapolis
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 4,451 |
| 5-9 | 16,146 |
| 10-14 | 30,737 |
| 15-19 | 42,141 |
| 20-24 | 41,797 |
| 25-29 | 14,514 |
| 30-34 | 25,978 |
| 35-39 | 3,449 |
| 40-44 | 3,981 |
| 45-59 | 6,495 |
| 60-89 | 4,719 |
| Over 90 | 2,607 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 23,005 | 19.2% | 20,183 | 16.8% |
| Associate Degree | 6,544 | 5.5% | 8,939 | 7.5% |
| Bachelor's Degree | 29,427 | 24.6% | 32,033 | 26.7% |
| Master's Degree | 9,248 | 7.7% | 13,363 | 11.2% |
| Professional Degree | 4,447 | 3.7% | 2,418 | 2.0% |
| Doctorate Degree | 2,915 | 2.4% | 2,228 | 1.9% |
| Total (at least some college) | 75,586 | 63.1% | 79,164 | 67.2% |
| Total over 25 | 119,803 | 100% | 117,752 | 100% |
Housing in Minneapolis
Value of Houses and Condos
| U.S. | Minnesota | Minneapolis | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $208,200 | $230,300 |
Monthly Owner Costs
| U.S. | Minnesota | Minneapolis | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,436 | $1,535 |
| Without a mortgage | $399 | $400 | $497 |
Tenancy in Minneapolis
| Owner-occupied homes | 84,156 |
|---|---|
| Renter-occupied homes | 71,490 |
| Homes for sale | 2,642 |
| Homes for rent | 7,380 |
| Total | 172,654 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in Minneapolis (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 19,585 | 23.3% |
| First Mortgage Only | 43,385 | 51.6% |
| Second Mortgage and/or Home Equity Loan | 21,186 | 25.2% |
| Total | 84,156 | 100% |
Age of Minneapolis Residents
| Males | Females |
|---|---|
| 30 | 31 |
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