Loretto, Minnesota 

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Population

727

-8.9% since 2020

Unemployment Rate

4.2%

Median Income

$74,167

Median Home Price

$333,400

Median Age

35.4

Comfort Index (Climate)

9.3 / 3.7

summer / winter


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Best Places to Live in Loretto, Minnesota

Loretto, MN is a small but growing community located in the northern part of Minnesota. It has a population of just over 4,000 people and offers charming small-town living. Residents enjoy the peaceful atmosphere and close-knit neighborhoods while still being able to access the amenities of nearby Minneapolis. The area provides plenty of recreational activities such as fishing, swimming, biking, and camping. There are also many great restaurants and shops to explore in Loretto's main street district. With its friendly people, beautiful natural setting, and plenty of activities to offer, Loretto is an ideal place to call home. Regional-center complex/Capital city - Southeast Minnesota along upper Mississippi River, 20 miles west of Wisconsin border.
Zip Codes: No Zip Codes Here.
Cost of Living: 4.2% 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.
Most Expensive HomesHomes less than 10 yrs old
All 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 4.2% 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 727 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: $333,400. Home appreciation the last 10 years has been 6.8%.

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 6.8% in the last 12 months.
The median home price in Loretto is $333,400.
Real Estate: See Homes

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MAPS OF LORETTO, MINNESOTA
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ZIP CODES IN LORETTO, MINNESOTA
No Zip Codes Here.

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