Babbitt, Minnesota Median Income

Babbitt, Minnesota has a population of 1,421, with a median household income of $52,800.

Current median income data for Babbitt.

$52,800

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Population

1,421

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Median Income

$52,800

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Unemployment

5.80%

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Housing Price

$135,000

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Crime Rate

1.60

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Internet Speed

250.00 Mbps

Babbitt is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Babbitt, located in Minnesota, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Babbitt has a population of 1,421, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Babbitt is $52,800, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Babbitt is about $135,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Babbitt is 5.80%, slightly above the state average, suggesting moderate employment conditions. Babbitt has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Minnesota, Babbitt shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Babbitt offers a balanced mix of economic conditions, population trends, and housing opportunities within Minnesota.

Frequently Asked Questions about Babbitt

What is the population of Babbitt?

The population of Babbitt is approximately 1,421.

Is Babbitt a good place to live?

Babbitt offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Babbitt?

The median household income in Babbitt is around $52,800.

How expensive is housing in Babbitt?

The average housing price in Babbitt is approximately $135,000.