Loretto, Minnesota 

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Population

658

-8.9% since 2020

Unemployment Rate

4.2%

Median Income

$74,167

Median Home Price

$324,500

Median Age

35.4

Comfort Index (Climate)

9.3 / 3.7

summer / winter

Best Places to Live in Loretto, Minnesota

Regional-center complex/Capital city - Southeast Minnesota along upper Mississippi River, 20 miles west of Wisconsin border. August, July and June are the most pleasant months in Loretto, while January and December are the least comfortable months.
Zip Codes: No Zip Codes Here.
Cost of Living: 7.7% higher
Time zone: Central Standard Time (CST)
Elevation: 838 ft above sea level

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Loretto, MN Housing Market
Least Expensive HomesHomes Over 2,000 Sq. Ft.
Median Home ValueHomes less than 10 yrs old
Most Expensive HomesAll Single Family Homes
Pros
Education
Attractive downtown
Attractive neighborhoods
Cons
Growth and sprawl
Cost of living
Harsh winters


What Bert Has To Say About Minneapolis-St. Paul-Bloomington Metro Area

The “twin cities” serve as a regional center for the upper Midwest and northern Great Plains. The fully cosmopolitan area is a balanced industrial, commercial, educational, and cultural center, and functions much as one city. The area is one of the most economically diverse in the country, serving as headquarters to large firms in agriculture, food, banking, technology, retailing, healthcare, and transportation. A few of the well-known companies include General Mills, 3M, US Bancorp, United Healthcare, and retailers Target and Best Buy. Job growth is still fairly modest, but overall, the Twin Cities have have a strong and prosperous feel.


Highlights

ECONOMY
The unemployment rate in Loretto is 4.2% (U.S. avg. is 6.0%). Recent job growth is Positive. Loretto jobs have increased by 1.8%. More Economy

COST OF LIVING
Compared to the rest of the country, Loretto's cost of living is 7.7% higher than the U.S. average. More Cost of Living or Compare Loretto's Cost of Living

WEATHER & CLIMATE
August, July and June are the most pleasant months in Loretto, while January and December are the least comfortable months. Today's Weather | Climate Averages

VOTING
In the last Presidential election, Hennepin county remained overwhelmingly Democratic, 70.5% to 27.2%. More Voting Stats

POPULATION
Loretto's population is 658 people. Since 2020, it has had a population decline of 8.9%. Learn More...

TRANSPORTATION
Average Commute time is 23.4 minutes. The National Average is 26.4 minutes. Learn More...

REAL ESTATE
The median home cost in Loretto is Real Estate: $324,500. Home appreciation the last 10 years has been 6.4%.

SCHOOLS
Loretto public schools spend $10,117 per student. The average school expenditure in the U.S. is $12,383. There are about 18.1 students per teacher in Loretto. More Education



Best Places to Live in Loretto Rankings


Housing Market in Loretto

It's a good time to buy in Loretto. Home Appreciation is up 11.4% in the last 12 months.
The median home price in Loretto is $324,500.
Real Estate: See Homes

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MAPS OF LORETTO, MINNESOTA
Check out the latest Maps in a variety of categories including cost of living, population, and commute time. You can also use our New Interactive Map to explore places.Loretto,Minnesota Map
ZIP CODES IN LORETTO, MINNESOTA
No Zip Codes Here.

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