HomeMinnesotaCarlton CountyCromwell city
Cromwell city, Minnesota: commercial real estate data.
Cromwell city is a Census city of 423 people across 1.84 square miles of land, in Carlton County. Median household income is $58,750, 58.3 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $450,000.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Cromwell
What Cromwell is
- Census place typecity
- Land area1.84 sq mi
- Water area0.19 sq mi
- Population per square mile of land230 plus or minus 97
- County holding the largest share of its areaCarlton County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cromwell
How many people live in Cromwell
- Population423 plus or minus 179
- Median age34.6 plus or minus 26.1
- Population under 18143 plus or minus 88
- Share under 1833.8 percent plus or minus 15.0
- Population 65 and over111 plus or minus 45
- Share 65 and over26.2 percent plus or minus 15.3
- Households144 plus or minus 37
- Family households74 plus or minus 36
- Share of households that are families51.4 percent plus or minus 21.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cromwell
Income and work in Cromwell
- Median household income$58,750 plus or minus $25,741
- Per capita income$24,010 plus or minus $5,458
- Civilian labor force122 plus or minus 52
- Employed122 plus or minus 52
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over269 plus or minus 72
- Adults 25 and over with a high school diploma or higher85.9 percent plus or minus 20.2
- Adults 25 and over with a bachelor degree or higher19.0 percent plus or minus 11.0
- Adults 25 and over with a graduate degree5.9 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cromwell
Housing in Cromwell
- Housing units182 plus or minus 40
- Occupied units144 plus or minus 37
- Vacant units38 plus or minus 23
- Vacancy rate20.9 percent plus or minus 11.8
- Owner occupied84 plus or minus 36
- Renter occupied60 plus or minus 16
- Ownership rate58.3 percent plus or minus 20.0
- Median owner-occupied home value$156,300 plus or minus $63,411
- Median gross rent, monthly$463 plus or minus $143
- Annual rent as a share of median income9.5 percent plus or minus 5.1
- Single family units103 plus or minus 35
- Share single family56.6 percent plus or minus 15.0
- Units in buildings of two or more63 plus or minus 26
- Share in buildings of two or more34.6 percent plus or minus 11.9
- Mobile homes16 plus or minus 16
- Median year structure built1979
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cromwell
How Cromwell gets to work
- Workers 16 and over who commute119 plus or minus 53
- Commuting under 15 minutes12 plus or minus 9
- Share commuting under 15 minutes10.1 percent plus or minus 6.1
- Commuting 30 minutes or more65 plus or minus 34
- Share commuting 30 minutes or more54.6 percent plus or minus 15.5
- Drove alone70.8 percent
- Carpooled25.0 percent plus or minus 22.4
- Public transport0.0 percent
- Walked3.3 percent plus or minus 5.6
- Worked from home0.8 percent plus or minus 1.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cromwell
SBA loans in Cromwell (7(a))
- Approvals2
- Gross approval$450,000
- Average approval$225,000
- Median approval$350,000
- Ninetieth percentile approval$350,000
- Largest approval$350,000
- Jobs supported13
- Jobs per approval6.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Cromwell
SBA loans in Cromwell (504)
- Approvals1
- Gross approval$109,000
- Average approval$109,000
- Median approval$109,000
- Largest approval$109,000
- Jobs supported0
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Carlton County, not Cromwell
Carlton County context, not Cromwell figures
These are Carlton County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Cromwell measurements.
- Establishments in Carlton County708
- Employment at those establishments, Carlton County7,855
- Covered employment, Carlton County13,269
- Average annual pay, Carlton County$58,073
- Average weekly wage, Carlton County$1,117
- Housing units permitted, Carlton County126
- Of those, single family, Carlton County96
- County product, 2024, Carlton County$1,906,926,000
- County product change over the prior year, Carlton County6.4 percent
- Average income of an arriving household, Carlton County$60,577
Every figure in this section is published for Carlton County as a whole and is not a measurement of Cromwell. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Cromwell questions, answered from the record.
How many people live in Cromwell, Minnesota?
423, in 144 households. Cromwell city covers 1.84 square miles of land, which is 230 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Cromwell in?
Carlton County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Cromwell?
$58,750. The median owner-occupied home is valued at $156,300. Median gross rent is $463 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Cromwell businesses?
2 7(a) approvals totalling $450,000, across 2 lenders, median approval $350,000, plus 1 504 approvals worth $109,000. These count approvals to borrowers whose address is in Cromwell, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Cromwell borrowers get paid back?
No rate is published for Cromwell. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Cromwell figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Carlton County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Cromwell.
Is zoning published for Cromwell?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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