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Olmsted County, MN

Migration of people and income, 20222023 filing years

At a glance (2023)

Cost of living
93
7% below the U.S. average
Median home value
$304,500
national $303,400
Home prices, 5 years
+39.3%
over the 5 years to 2023
Monthly rent
$1,283
national $1,348
Homeownership
71%
national 65%
Unemployment
2.2%
national 3.6%
Household income
$93,494
national $78,538
Median age
37.8 yrs
national 38.7

Cost of living is the metro-area price level for Rochester, MN.

The cost of living runs about 7% below the national average. The median home is valued at $304,500 (nominal). Home prices have risen about 39% over the five years to 2023. Median rent is about $1,283 a month. Unemployment averaged 2.2% in 2023 (national 3.6%). Median household income is $93,494. These figures describe all residents, not just tax filers, come from separate sources than the migration data on this page, and do not indicate why anyone moved.

Between the 2022 and 2023 filing years, Olmsted County, MN saw a net loss of 219 tax-filing households and a net loss of 733 individuals. Against a population of about 164,784, that is a net outflow of about 4.4 per 1,000 residents. On net, the area lost $77.7M in associated adjusted gross income (AGI, nominal dollars). The largest inflow, about 283 households, came from Hennepin County; the largest outflow, about 437 households, went to Hennepin County. In the prior (2022) filing year, the area saw a net loss of 850 individuals. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
-$77.7M
nominal dollars
Net households
-219
tax returns
Net people
-733
exemptions

-4.4 net people per 1,000 residents (population 164,784)

Income (AGI) in and out

Moved in$321.1M
Moved out$398.8M
Net -$77.7M (nominal)
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Olmsted County within Minnesota

Olmsted County is outlined, with arrows tracing its largest moves to and from other Minnesota counties. Hover any county for its figures; click to open it.

Net outNet in(AGI $)
Hover an area to trace its top 5 inbound (in) and outbound (out) moves.
Net income (AGI) that moved in minus out, in nominal dollars (not adjusted for inflation).Net tax returns (filing households) that moved in minus out.Net people per 1,000 residents, so larger and smaller areas compare fairly.
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Where movers came from

  1. 1Hennepin County, MN283$21.8M
  2. 2Dodge County, MN207$10.4M
  3. 3Winona County, MN171$9.1M
  4. 4Mower County, MN153$6.7M
  5. 5Goodhue County, MN139$7.8M
  6. 6Ramsey County, MN133$5.7M
  7. 7Wabasha County, MN129$6.4M
  8. 8Dakota County, MN125$10.9M
  9. 9Fillmore County, MN111$5.4M
  10. 10Maricopa County, AZ84$6.3M
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Where movers went

  1. 1Hennepin County, MN437$29.9M
  2. 2Dodge County, MN246$15.1M
  3. 3Dakota County, MN197$14.7M
  4. 4Goodhue County, MN182$12.3M
  5. 5Ramsey County, MN176$9.7M
  6. 6Winona County, MN157$8.3M
  7. 7Wabasha County, MN155$10.1M
  8. 8Mower County, MN147$9.1M
  9. 9Fillmore County, MN142$8.3M
  10. 10Maricopa County, AZ106$16.1M
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Churn by county · both directions at once

The biggest two-way exchanges of filing households, 20222023. Moved in and moved out are gross one-way counts; net is the difference. Click a column to sort.

Hennepin County, MN283437-154-$8M
Dodge County, MN207246-39-$4.7M
Winona County, MN171157+14+$781K
Dakota County, MN125197-72-$3.8M
Goodhue County, MN139182-43-$4.5M
Ramsey County, MN133176-43-$4M
Mower County, MN153147+6-$2.4M
Wabasha County, MN129155-26-$3.8M
Fillmore County, MN111142-31-$2.9M
Maricopa County, AZ84106-22-$9.8M
La Crosse County, WI6170-9-$51K
Cook County, IL5866-8+$992K

Counts are filing households (IRS returns), matching the lists above; income is nominal AGI. A dash means the IRS published only one direction of that exchange (small flows are suppressed), so no net is computed.

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Net migration by year

Net 2012–2023: -$537.2M (-6,016 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012-$16.7M-224
2013-$20.7M-420
2014-$44.6M-728
2015-$12.1M-139
2016-$26.2M+29
2017-$48.5M-646
2018-$44.9M-393
2019-$44.9M-140
2020-$51.9M-579
2021-$55.7M-1,193
2022-$93.2M-850
2023-$77.7M-733
Migration in context

How big is this move, relative to the county?

In the 20222023 filing year, about 733 more people left Olmsted County, MN than moved in (counting tax filers and their dependents) — a net loss of about $77.7M in income (nominal) — in a county of 164,841 people.

Population
164,841
Census 2023 estimate
Net migration rate
-4.4
net people per 1,000 residents
A town of 10,000 would net about -44 people.
Net income per resident
−$472
nominal dollars
-$77.7M total across 164,841 residents.

The rate lets you compare Olmsted County, MN with a countyof any size: it’s the net flow divided by population. The IRS counts tax filers; population counts all residents, so read the rate as a scale indicator, not a literal share of people.

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Components of population change · 2023 (Census)

Where the county’s overall change came from. Census counts all residents; the IRS migration above is one slice of the domestic-migration component.

Births
+1,954
Deaths
-1,323
Net domestic migration
-418
Net international migration
+747
Total change
+933

Source: U.S. Census Bureau, Population Estimates Program. Figures are people, not tax filers.

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Income & cost of living

What a dollar is worth here

Prices around Olmsted County, MN run about 7% below the national average. In plain terms: $100 spent here buys about what $108 buys in the average American community. The figures below apply that to income, each compared to the U.S. average of $70,002 per person.

Income per person
$71,570
what people here earn (BEA 2023, nominal)
2% above the U.S. average
Price level
93.0
100 = U.S. average prices (BEA price parity)
everyday costs about 7.0% lower than average
What that income buys
$76,992
local income restated at U.S.-average prices
10% above the U.S. average
Cheaper than U.S. avgU.S. average (100)Pricier

Cost of living shown for the Rochester, MN metro area (BEA publishes price parities by metro, not by county).

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Where the cost comes from · price parity by category

Index where 100 = U.S. average for that category. Housing is usually what separates one place from another.

Housing & rents93.0
Goods97.0
Utilities88.9
Other services90.8

Housing is measured from rents (including an estimated rental value for owner-occupied homes), so a run-up in purchase prices shows here only as it reaches rents. Source: U.S. Bureau of Economic Analysis. Covers all residents, a separate universe from the IRS filer income above. How the data works.

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Who lives here

The people of Olmsted County, MN

American Community Survey, 2019–2023 (a 5-year average of all residents, not just tax filers).

Median age
37.8
years
Median household income
$93,494
per household (ACS 2019–2023, nominal)
19% above the U.S. median
College degree
49%
adults 25+ with a bachelor's or higher
Poverty rate
7.9%
residents below the poverty line
Average commute
19 min
mean travel time to work
Broadband at home
91%
households with any broadband
Race and ethnicity (share of residents)
White 76%Hispanic 6%Black 7%Asian 6%Other 4%

White, Black, and Asian counts are people who are not Hispanic or Latino; Hispanic or Latino can be of any race. Shares are rounded and may not total 100.

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Covers all residents, a separate universe from the IRS filer data. A 5-year estimate is an average over 2019–2023; compare years at least five apart, since consecutive windows overlap. How the data works.

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Housing · what it costs to live here (ACS 2019–2023)

Median home value
$304,500
owner-occupied homes
0% above the U.S. median
Median rent
$1,283
gross rent per month
5% below the U.S. median
Homeownership
71%
of occupied homes are owner-occupied
Home-price appreciation · FHFA index, 2023
Past year
+4.3%
price change, 2022 to 2023
Past 5 years
+39%
price change, 2018 to 2023

A repeat-sales index (how much the same homes changed in price), so it tracks the market over time rather than the current level. Source: Federal Housing Finance Agency, annual all-transactions HPI; the county series is FHFA’s developmental index.

New home construction · building permits, 2023
1,002new housing units authorized in 2023
Single-family 45%Multifamily 55%

Units authorized by residential building permits (new supply), summed from counties for the state and U.S. Permits are authorizations, not completions. Source: U.S. Census Bureau, Building Permits Survey.

Home value is what owners estimate their homes are worth, not recent sale prices. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2019–2023), nominal dollars. How the data works.

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Local economy & risk

Jobs and natural hazards

Unemployment rate
2.2%
BLS 2023 annual average
Labor force
90,360
88,393 employed
Disaster declarations
major federal, 2023

Sources: U.S. Bureau of Labor Statistics (LAUS) and FEMA. A disaster declaration marks federal assistance eligibility, not damage severity, and says nothing about why anyone moved. How the data works.

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Unemployment now
3.1%
April 2026 · ▲ 0.3 points vs April 2025
January 2024April 2026

Source: U.S. Bureau of Labor Statistics (LAUS). Monthly unemployment for this county, not seasonally adjusted. Updated every month, so it moves faster than the annual average above. How the data works.

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How Olmsted County, MN has voted. Certified returns, popular vote only. This is a separate dataset from the migration figures on this page.

YearDemocraticRepublicanOtherMarginTotal
202449,12139,4672,336D +10.690,924
202049,49139,6922,202D +10.791,385
201636,26835,6688,193D +0.780,129
201239,33836,8322,146D +3.278,316
200838,71136,2021,557D +3.376,470
200433,28537,371920R +5.771,576
200025,82230,6412,929R +8.159,392

Source: MIT Election Data and Science Lab county returns (CC0). Margins are the popular-vote gap as a share of all votes cast.

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