In Orono, Minnesota, population and steets are the most important demographics. The growth of the city is slow and the population is primarily comprised of single-family homes. However, the city is undergoing rapid redevelopment in its suburban areas. The overall population growth rate is only 1%, which indicates a strong need for more housing options. There are many reasons why this happens, and this article will help you understand the current situation.
The current workforce of Orono is largely employed in nearby metro areas or home-based businesses. Education in the city is good, although the public school system is smaller than some. Orono has a high graduation rate and test scores, which are higher than the national average. The community has a low crime rate, which makes it desirable for newcomers to relocate to the area. This city is also well-known for its high-quality, affordable housing.
In terms of poverty, the poverty rate is lower than average in Orono, MN. The median household income of the people in Orono City is $23,698. This is better than the national poverty rate of 9.7%, which is higher than the state's median income of $21,058. It is possible to live comfortably in Orono while working at home in your free time.
Orono City's population is growing slowly. According to the United States Census Bureau, the city is projected to grow to 8,491 by 2020, which is a 1.05% increase from its 2010 census. It has a high median household income of $277,647 and a low poverty rate of 4.7 percent. Rent prices in Orono are about $1,740 a month, and the median house value is $763,700. The median age of residents in Orono is 48 years old, and the population of males is 49.7.