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According to statistics, the population in Park Rapids, MN amounts to 3,934, which shows decline 1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $36,120, shifting growth 9% from the past year, and the average property value in Park Rapids, MN decline 1% to $119,600 throughout the year.
|Number Of Employees||1,777|
|Median Property Value||$119,600|
The average household income in Park Rapids, MN grew from $33,026 to $36,120 in the past year. This data is an estimate based upon 1,691 households in Park Rapids, MN . The chart below presents how household income is distributed in Park Rapids, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Park Rapids, MN shifted from $118,500 to $119,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Park Rapids, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Park Rapids, MN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Park Rapids, MN compared to median property taxes around the country. The prevalent amount of property taxes in Park Rapids, MN equals $1150, which is less than the national average.