Apartments for rent in Austin, MN

The small city of Austin, Minnesota is home to slightly less than 25,000 people. Retirees are a common sight, as they make up 17% of the population compared to 14% nationally. Overall, the city's population, with an average age of just over 39, is younger than most cities in Minnesota. Renters tend to be in the minority in the area, and 67% of residents own their homes. With a relatively low average rent of $776 a month in the city, renting remains an affordable option, particularly compared to other cities in Minnesota. Each month, renters in Austin will pay around $215 less compared to the state average.

There are three primary industries in Austin: manufacturing, healthcare, and retail. Together, these industries account for 27% of the city's workforce. Meanwhile, in terms of job function, many of the city's residents work in transportation, making it the top profession in the city. Austin workers earn an average annual income of about $63,000, about $17,000 less than the average Minnesota resident. Austin's average income also trails the national average ($73,345). Compared to the national average (5%), Austin has a relatively large concentration of residents over the age of 25 who have earned an Associate's degree (8%). Further, 9% have a Bachelor's degree and 5% possess a Master's or Doctoral degree.

With an average commute time of about 17 minutes, quicker than most cities in the state, Austin residents are well aware that getting to work isn't overly time-consuming. Driving is the typical way to get to work, chosen by 42% of residents, while public transit is not extensively used. A small percentage of residents walk to work.