Gorman township, Minnesota Housing

Gorman township, Minnesota has a population of 485, with a median household income of $78,400.

Current housing data for Gorman township.

$325,000

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Population

485

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Median Income

$78,400

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Unemployment

3.40%

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Housing Price

$325,000

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Crime Rate

5.90

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Internet Speed

100.00 Mbps

Gorman township 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.

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

Population Overview

Gorman township has a population of 485, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Gorman township is $78,400, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Gorman township average around $325,000, which is relatively high compared to other cities in Minnesota.

Employment and Safety

The unemployment rate in Gorman township is 3.40%, which is lower than the state average, indicating a relatively strong job market. Gorman township has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

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

Gorman township continues to play a role in shaping regional trends in Minnesota, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Gorman township

What is the population of Gorman township?

The population of Gorman township is approximately 485.

Is Gorman township a good place to live?

Gorman township 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 Gorman township?

The median household income in Gorman township is around $78,400.

How expensive is housing in Gorman township?

The average housing price in Gorman township is approximately $325,000.