Wealthwood, Minnesota Population 2024

267

Wealthwood is a city located in Minnesota. Wealthwood has a 2024 population of 267. Wealthwood is currently growing at a rate of 1.52% annually and its population has increased by 6.37% since the most recent census, which recorded a population of 251 in 2020.

The average household income in Wealthwood is $69,676 with a poverty rate of 12.46%. The median age in Wealthwood is 60.4 years: 59.8 years for males, and 63.5 years for females.

Wealthwood Demographics

According to the most recent ACS, the racial composition of Wealthwood was:

  • White: 94.81%
  • Two or more races: 2.42%
  • Asian: 1.73%
  • Other race: 0.69%
  • Native American: 0.35%
  • Black or African American: 0%
  • Native Hawaiian or Pacific Islander: 0%
Land Area (mi²)
23.2 sq mi
Density (mi²)
11.50/sq mi
Growth Since 2020
6.37% (16)
The current population of Wealthwood, Minnesota is 267 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 251.

Population by Race

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Race
Population
Percentage (of total)
White27494.81%
Two or more races72.42%
Asian51.73%
Other race20.69%
Native American10.35%
Black or African American00%
Native Hawaiian or Pacific Islander00%

White

Two or more races

Asian

Other race

Native American

Black or African American

Native Hawaiian or Pacific Islander

Wealthwood Population by Race

Wealthwood Population Pyramid 2024

Wealthwood Median Age

60.4

Total

59.8

Male

63.5

Female

Wealthwood Adults

There are 272 adults, (118 of whom are seniors) in Wealthwood.

Wealthwood Age Dependency

87.7

Age Dependency Ratio

76.6

Old Age Dependency Ratio

11

Child Dependency Ratio

Wealthwood Sex Ratio

Female12141.87%
Male16858.13%

Wealthwood Population by Age

Wealthwood Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All1362.1394.15.9
Married892.4597.82.2
Non Family461.4889.110.9
Female130100
Male0000

2.42

Average Family Size

2.13

Average Household Size

94.1%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Wealthwood Households and Families

Male

Female

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Education Attained
Count
Percentage
9th to 12th Grade51.98%
Associates Degree3413.44%
Bachelors Degree249.49%
Graduate Degree239.09%
High School Graduate10039.53%
Less Than 9th Grade41.58%
Some College6324.9%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Wealthwood Educational Attainment by Sex (over 25)

Wealthwood Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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Race
Total
High School
Bachelors
White24023142
2+ Races770
Asian555
Native American110

The highest rate of high school graduation is among native american people with a rate of 100%.

The highest rate of bachelors degrees is among asian people with a rate of 100%.

Wealthwood Educational Attainment by Race

All

Male

Female

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Name
Average
Male
Female
Bachelors Degree$98,333$0$0
Graduate Degree$73,333$0$101,250
High School Graduate$23,750$26,250$0
Less Than 9th Grade$0$0$0
Overall$38,333$27,750$44,583
Some College$0$0$43,889

$38,333

Average Earnings

$27,750

Average Male

$44,583

Average Female

Wealthwood Earnings by Educational Attainment

Wealthwood Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Wealthwood Language

97.58% of Wealthwood residents speak only English, while 2.42% speak other languages. The non-English language spoken by the largest group is Asian and Pacific Island languages, which is spoken by 1.73% of the population.

Wealthwood Language

Wealthwood Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White2743613.14%

12.46%

Overall Poverty Rate

14.29%

Male Poverty Rate

9.92%

Female Poverty Rate

Poverty in Wealthwood

The race most likely to be in poverty in Wealthwood is White, with 13.14% below the poverty level.

The race least likely to be in poverty in Wealthwood is White, with 13.14% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 25%, and for those that did not work, the poverty rate was 11.32%.

Wealthwood Poverty

rate

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Rate
Poverty
Less Than 9th Grade55.56%
Some College16.49%
High School10%
Bachelors or Greater0%

Wealthwood Poverty Rate by Education

rate

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Rate
Poverty
Male Employed23.53%
Male Unemployed0%
Female Employed0%
Female Unemployed0%

Wealthwood Poverty Rate by Employment Status and Sex

Wealthwood Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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Name
Median
Mean
Families$75,000$85,927
Households$58,500$69,676
Married Families$75,417$-999,999,999
Non Families$31,250$36,072

mean

median

Income by Household Type

Wealthwood Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

60.4%

Overall Marriage Rate

55.4%

Male Marriage Rate

67.5%

Female Marriage Rate

Wealthwood Married by Age and Sex

male

female

Wealthwood Marriage

The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is 45-54.

Wealthwood Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Wealthwood Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

38

Number of Veterans

35

Male Veterans

3

Female Veterans

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War
Veterans
Vietnam18
Korea6
World War II4
Second Gulf War2
First Gulf War2

Wealthwood Veterans by War

count

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Age Group
Veterans
75+20
65 to 7411
55 to 644
35 to 543
18 to 340

Wealthwood Veterans by Age

count

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Name
Veterans
% of Total
White3814.67%

Wealthwood Veterans by Race

Wealthwood Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

0%

Veteran Poverty Rate

44.74%

Veteran Disability Rate

Wealthwood Veterans by Education

LaborForceParticipation

42.2%

Labor Force Participation

41.5%

Employment Rate

1.7%

Unemployment Rate

Wealthwood Employment by Age

LaborForceParticipation

Wealthwood Employment by Race

LaborForceParticipation

Wealthwood Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

70.59%

Born in Wealthwood

97.92%

Native Born

2.08%

Foreign Born

0%

Non Citizen

2.08%

Naturalized

Place of Birth

97.92% of Wealthwood residents were born in the United States, with 70.59% having been born in Minnesota. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.

Wealthwood Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
202928741.41%
202828341.43%
202727941.45%
202627541.48%
202527141.5%
202426741.52%
202326341.54%
202225941.57%
202125541.59%
2020251-13-4.92%
201926400%
201826410.38%
201726310.38%
2016262-1-0.38%
201526310.38%
201426200%
2013262-3-1.13%
2012265-2-0.75%
2011267-1-0.37%
201026800%

Wealthwood Population by Year