Median Income
$52,750
household / year
Median Home Value
$193,800
owner-occupied
Median Rent
$525
gross / month
Cost of Living
92
national avg = 100

Is Deerwood, MN a Good Place to Live?

Deerwood is a small town of 630 in Minnesota, with a median household income of $52,750 and a 5.7% unemployment rate. Its cost of living index is 92 (US average = 100), which is 8% below the national average.

Strengths: Deerwood stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Deerwood is right for you depends on your priorities — the full breakdown is below.

All Deerwood city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 91.6

Deerwood's overall cost of living index is 91.6, where 100 represents the US national average. Living in Deerwood costs roughly 8% less than the average American city.

Metric Deerwood, MN National Avg
Median Home Value $193,800 $244,900
Median Monthly Rent $525 $1,163
Homeownership Rate 62.1% 65.9%
Median Household Income $52,750 $74,755

Crime & Safety

Deerwood's violent crime rate is 173.0 per 100,000 residents — 54% lower than the national average of ~380 per 100,000.

Violent Crime
173.0 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Deerwood, MN National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 28.2% 35.4%
High School Diploma or Higher 86.0% 91.1%

Weather & Climate

Deerwood sees average highs of 18.8°F in January and 79.1°F in July, with 29.7 inches of annual precipitation and 48.2 inches of snow per year.

MetricDeerwood, MN
Average High — January18.8°F
Average High — July79.1°F
Annual Precipitation29.7"
Annual Snowfall48.2"

Demographics

MetricDeerwood, MNNational Avg
Population630—
Median Age32.238.9
Unemployment Rate5.7%3.7%
Avg Commute Time23.2 min26 min
White (non-Hispanic)90.0%59.3%
Black or African American1.1%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1838.4%22.2%
65 and over10.8%16.8%

Nearby Cities

Crosby, MN 3 mi Cuyuna, MN 3 mi Ironton, MN 5 mi Trommald, MN 6 mi Riverton, MN 7 mi

Deerwood vs Other Cities

Deerwood, MN vs Crosby, MN Deerwood, MN vs Cuyuna, MN Deerwood, MN vs Ironton, MN Deerwood, MN vs Trommald, MN Deerwood, MN vs Riverton, MN

Frequently Asked Questions

Deerwood's cost of living index is 92, where 100 is the national average. That makes Deerwood roughly 8% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $193,800 and median rent is $525/month.
Deerwood's violent crime rate is 173.0 per 100,000 residents — the national average is ~380 per 100,000. Property crime is None per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Deerwood, MN has a population of 630, a median household income of $52,750, and an unemployment rate of 5.7%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Deerwood averages 18.8°F in January and 79.1°F in July. Annual rainfall is 29.7 inches with about 48.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Deerwood, Minnesota is 630 with a median age of 32.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Deerwood: cost of living index 92 (100 = US average), median home $193,800, median household income $52,750. Whether these are benefits or drawbacks depends on where you're coming from — compare Deerwood side by side with your current city to see the trade-offs.