Loretto, MN Employment - Median Household Income, Unemployment Rate

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57%

Income/capita NAT. AVG.

36%

Household income NAT. AVG.

57%

Unemployment NAT. AVG.

Index	Loretto	Minnesota	National
Income per capita	$70,527	$49,588	$44,883
Median household income	$110,669	$92,370	$81,333
Median income owner occupied	$138,506	$117,544	$106,172
Median income renter occupied	$59,994	$52,026	$52,080
Median earnings male	$83,884	$60,747	$54,343
Median earnings female	$72,480	$42,223	$38,439
Unemployment rate	2.1%	3.6%	4.9%
Poverty level	5.6%	10.8%	15.1%

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Key findings

The income per capita in Loretto is 57% higher than the national average
The median household income in Loretto is 36% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Loretto is 57% lower than the national average
The poverty level in Loretto is 63% lower than the national average

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am i middle class

$73,771 $110,669 $221,338

City

$61,573 $92,370 $184,740

State

$54,216 $81,333 $162,666

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Loretto median earnings by income bracket

Loretto employment by industry

Labour Type	Male	Female
Construction industry	11.0%	11.0%
Manufacturing sector	28.0%	28.0%
Financial & insurance services	9.3%	9.3%
Wholesale & retail services	11.0%	11.0%
Public administration	3.8%	3.8%
Transportation, warehousing & utilities	3.8%	3.8%
Education, health & social services	4.9%	4.9%
Other	25.3%	25.3%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Minnetonka Beach, MN	606	$369,558	354.4%
Woodland, MN	552	$282,232	247.0%
Greenwood, MN	764	$273,109	235.8%
Independence, MN	3,869	$266,808	228.0%
Orono, MN	8,455	$249,971	207.3%
Loretto, MN	761	$110,669	36.1%

Cities with similar population

City	Population	Household Income	National Avg.
Ivalee, AL	761	$49,961	38.6%
Watkins, CO	761	$186,269	129.0%
Waverly, FL	761	$70,157	13.7%
Walnut, IA	761	$70,368	13.5%
Lanesville, IN	761	$123,585	51.9%
Loretto, MN	761	$110,669	36.1%

Source: The Loretto, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.