Population 2,701 · Census ACS 2020–24
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Population and households in Loretto
Household size in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.93 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.97 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 3.04 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.73 | 2.58 | 2.52 | 2.65 |
| Change | −0.20 | −0.00 | +0.00 | −0.03 |
The typical household in Loretto holds 2.73 people, slightly more than the U.S. average of 2.65. Household size has dropped from 2.93 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 41.0 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 41.8 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 42.1 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 44.1 | 39.2 | 40.0 | 40.1 |
| Change | +3.1 | +2.5 | +2.1 | +2.3 |
Loretto skews older: half of its residents are older than 44.1, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.6% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 2.3% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 1.8% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 3.2% | 9.8% | 9.6% | 11.6% |
| Change | −0.4 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in Loretto: 3.2% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Loretto
Renters in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.0% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 10.5% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 8.2% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 7.6% | 29.3% | 27.8% | 34.8% |
| Change | +1.6 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Only 7.6% of households in Loretto rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. More than a quarter of owners (27.4%) have paid off their mortgages, well below the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.8% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 6.6% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 1.8% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 1.9% | 5.7% | 8.3% | 9.6% |
| Change | −0.9 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Only 1.9% of homes in Loretto are vacant, far below the national rate of 9.6%, which usually means strong demand for housing.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1992 | 1975 | 1973 | 1974 |
| 2010–14 | 1994 | 1976 | 1974 | 1975 |
| 2015–19 | 1992 | 1977 | 1975 | 1977 |
| 2020–24 | 1992 | 1980 | 1978 | 1980 |
| Change | +0 | +4 | +5 | +6 |
Loretto has newer housing than the country as a whole: the median home was built in 1992, versus 1980 nationally.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $812 | $1,007 | $882 | $965 |
| 2010–14 | $1,596 | $1,077 | $953 | $1,040 |
| 2015–19 | $947 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $949 | $1,603 | $1,404 | $1,571 |
| Change | +$137 | +$597 | +$522 | +$606 |
The median renter in Loretto pays $949 a month for rent and utilities, well below the national median of $1,571. The typical renter here spends 24.0% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Loretto
Bachelor's degrees in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 39.1% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 44.0% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 47.7% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 52.1% | 45.4% | 39.6% | 35.6% |
| Change | +12.9 pts | +8.1 pts | +7.4 pts | +7.2 pts |
Loretto is highly educated: just over half of adults 25 and older (52.1%) hold at least a bachelor's degree, far above the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 97.1% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 96.2% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 98.5% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 97.5% | 94.0% | 93.7% | 89.3% |
| Change | +0.4 pts | +1.6 pts | +2.3 pts | +4.3 pts |
Finishing high school is nearly universal in Loretto: 97.5% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Loretto
| Period | Loretto | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.4% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 3.6% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 2.4% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 0.8% | 4.0% | 4.1% | 5.4% |
| Change | −6.6 pts | −2.7 pts | −2.4 pts | −2.7 pts |
The job market in Loretto has been strong: just 0.8% of the labor force was out of work and looking, well below the national rate of 5.4%. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Loretto compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Loretto | 2.73 | 44.1 | 3.2% | 7.6% | 1.9% | 1992 | $949 | 52.1% | 97.5% | 0.8% |
| Greenfield | 2.66 | 41.6 | 6.0% | 11.5% | 1.1% | 1989 | $1,130 | 45.2% | 97.1% | 0.8% |
| Rockford | 2.73 | 38.4 | 12.7% | 15.7% | 1.8% | 1992 | $1,268 | 37.0% | 95.1% | 2.2% |
| Independence | 2.77 | 43.4 | 4.0% | 8.2% | 7.6% | 1988 | $1,917 | 65.0% | 97.8% | 0.9% |
| Corcoran | 2.71 | 44.8 | 4.0% | 4.9% | 4.0% | 1999 | $1,516 | 56.3% | 96.3% | 1.2% |
| Hanover | 3.10 | 37.5 | 7.7% | 6.1% | 3.8% | 2000 | $1,513 | 51.1% | 98.7% | 1.9% |
| Maple Plain | 2.29 | 38.3 | 5.6% | 35.7% | 7.9% | 1975 | $1,295 | 39.4% | 96.2% | 1.5% |
| Medina | 3.03 | 40.1 | 11.2% | 7.8% | 4.7% | 2000 | $1,386 | 67.2% | 96.0% | 0.9% |
| Delano | 2.70 | 38.5 | 5.9% | 18.6% | 3.7% | 1992 | $1,123 | 46.1% | 97.3% | 1.7% |
| St. Michael | 2.87 | 36.6 | 9.7% | 10.4% | 3.4% | 1998 | $1,771 | 44.3% | 98.2% | 2.8% |
| Long Lake | 2.54 | 42.6 | 12.9% | 24.9% | 5.9% | 1971 | $1,872 | 57.4% | 96.8% | 1.5% |
All figures 2020–24.
Cities with similar populations: Simsboro, LA · Melbourne, KY · Milton, KY · Mount Vernon, GA · Belle, MO · Odum, GA · Ord, NE · Pangburn, AR · Pomona Park, FL · Riegelsville, PA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Loretto. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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