Most Expensive Minneapolis Neighborhoods
Minneapolis is a large city located in the state of Minnesota. With a population of 407,207 people and 116 constituent neighborhoods, Minneapolis is the largest community in Minnesota. Much of the housing stock in Minneapolis was built prior to World War II, making it one of the older and more historic cities in the country.
Minneapolis is a decidedly white-collar city, with fully 87.91% of the workforce employed in white-collar jobs, well above the national average. Overall, Minneapolis is a city of professionals, sales and office workers and service providers. There are especially a lot of people living in Minneapolis who work in office and administrative support (11.38%), management occupations (10.73%) and sales jobs (9.67%).
Of important note, Minneapolis is also a city of artists. Minneapolis has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Minneapolis’s character.
Also of interest is that Minneapolis has more people living here who work in computers and math than 95% of the places in the US.
One thing noticeable about Minneapolis, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Minneapolis is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Minneapolis a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, Minneapolis is one of the top larger cities in America for educated single professionals to flock.
One of the benefits of being a big city like Minneapolis is having a public transportation system, but in Minneapolis the transit system is the mode of choice for lots of people getting to and from work every day. You will find many people using the bus for their daily commute, even though other transportation options exist. If you ask these commuters, many will tell you that not having to drive in the snarl of big city traffic is one of main reasons for leaving the car at home, or even not owning a car at all. With so many people taking the bus Minneapolis benefits from a reduction in air pollution and traffic.
The education level of Minneapolis ranks among the highest in the nation. Of the 25-and-older adult population in Minneapolis, 47.00% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Minneapolis in 2010 was $32,232, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $128,928 for a family of four. However, Minneapolis contains both very wealthy and poor people as well.
Minneapolis is an extremely ethnically-diverse city. The people who call Minneapolis home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Minneapolis residents report their race to be White, followed by Black or African-American. Important ancestries of people in Minneapolis include German, Irish, Norwegian, Swedish, English and Polish.
In addition, Minneapolis has a lot of people living here who were born outside of the US (15.10%).
The languages spoken by people in Minneapolis are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Minneapolis is English. Other important languages spoken here include Spanish, African languages and Miao/Hmong.
|NUMBER OF HOMES AND APARTMENTS||166,824|
|MINNEAPOLIS HOME OWNERSHIP|
|% OWNER OCCUPIED||46.41%|
|% RENTER OCCUPIED||53.59%|
|TYPE OF MINNEAPOLIS HOMES|
|SINGLE FAMILY DETACHED||44.38%|
|ROWHOUSES AND ATTACHED HOMES||3.96%|
|SMALL APARTMENT BUILDINGS||13.33%|
|COMPLEXES OR HIGH RISE APARTMENTS||38.10%|
|SIZE OF MINNEAPOLIS HOMES|
|5 OR MORE BEDROOMS||3.02%|
|AGE OF MINNEAPOLIS HOMES|
|NEWER HOMES (2000 OR LATER)||7.91%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||19.26%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||25.45%|
|HISTORIC (1939 OR BEFORE)||47.38%|
|MINNEAPOLIS REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$247,403|
|MEDIAN RENTAL PRICE||$1,033|
|HOME VALUE RANGE|
|$0 - $59,000||2.70%|
|$59,001 - $119,000||7.09%|
|$119,001 - $238,000||38.39%|
|$238,001 - $357,000||28.01%|
|$357,001 - $476,000||11.04%|
|$476,001 - $594,000||4.68%|
|$594,001 - $892,000||4.99%|
|$892,001 - $1,189,000||1.77%|
|PEOPLE OF MINNEAPOLIS||DETAILS|
|UNDER 5 YEARS||6.97%|
|5 TO 17||13.12%|
|18 TO 24||14.18%|
|25 TO 34||21.62%|
|35 TO 54||25.35%|
|55 TO 64||10.27%|
|65 YEARS AND OVER||8.50%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||88.96%|
|MEDIAN HOUSEHOLD INCOME||$50,767|
|PER CAPITA INCOME||$32,232|
|INDIVIDUALS BELOW POVERTY LEVEL||22.62%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (14.50%)
Professional, scientific, and technical services (10.26%)
Public Service (2.71%)
Information Technology (2.48%)
|BLACK OR AFRICAN AMERICAN||17.85%|
|AMERICAN INDIAN AND ALASKA NATIVE||1.41%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.04%|
|SOME OTHER RACE ALONE||3.64%|
|TWO OR MORE RACES||4.85%|
|HISPANIC OR LATINO (OF ANY RACE)||9.82%|
|ETHNICITIES PRESENT||German (22.49%)
|LANGUAGES SPOKEN||English (79.56%)
African languages (4.78%)
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