HomeMinnesotaSt. Louis CountyTower city
Tower city, Minnesota: commercial real estate data.
Tower city is a Census city of 367 people across 2.92 square miles of land, in St. Louis County. Median household income is $65,893, 83.4 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $2.7 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Tower
What Tower is
- Census place typecity
- Land area2.92 sq mi
- Water area0 sq mi
- Population per square mile of land126 plus or minus 29
- County holding the largest share of its areaSt. Louis 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.
Tower
How many people live in Tower
- Population367 plus or minus 86
- Median age55.4
- Population under 1853 plus or minus 35
- Share under 1814.4 percent plus or minus 8.8
- Population 65 and over105 plus or minus 40
- Share 65 and over28.6 percent plus or minus 8.7
- Households169 plus or minus 40
- Family households90 plus or minus 31
- Share of households that are families53.3 percent plus or minus 13.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
Income and work in Tower
- Median household income$65,893 plus or minus $13,740
- Per capita income$34,860
- Civilian labor force186 plus or minus 49
- Employed175 plus or minus 50
- Unemployed11 plus or minus 12
- Unemployment rate5.9 percent plus or minus 6.3
- Adults 25 and over269 plus or minus 68
- Adults 25 and over with a high school diploma or higher95.5 percent plus or minus 31.9
- Adults 25 and over with a bachelor degree or higher12.6 percent plus or minus 6.4
- Adults 25 and over with a graduate degree5.2 percent plus or minus 5.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
Housing in Tower
- Housing units250 plus or minus 50
- Occupied units169 plus or minus 40
- Vacant units81 plus or minus 31
- Vacancy rate32.4 percent plus or minus 10.6
- Owner occupied141 plus or minus 36
- Renter occupied28 plus or minus 15
- Ownership rate83.4 percent
- Median owner-occupied home value$109,600 plus or minus $27,256
- Median gross rent, monthly$586
- Annual rent as a share of median income10.7 percent plus or minus 2.3
- Single family units182 plus or minus 43
- Share single family72.8 percent
- Units in buildings of two or more56 plus or minus 29
- Share in buildings of two or more22.4 percent plus or minus 10.6
- Mobile homes12 plus or minus 13
- Median year structure built1957
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
How Tower gets to work
- Workers 16 and over who commute153 plus or minus 48
- Commuting under 15 minutes63 plus or minus 25
- Share commuting under 15 minutes41.2 percent plus or minus 9.7
- Commuting 30 minutes or more74 plus or minus 30
- Share commuting 30 minutes or more48.4 percent plus or minus 12.6
- Drove alone79.4 percent
- Carpooled1.1 percent plus or minus 1.7
- Public transport1.7 percent plus or minus 2.2
- Walked1.7 percent plus or minus 1.6
- Worked from home12.6 percent plus or minus 12.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
SBA loans in Tower (7(a))
- Approvals10
- Gross approval$2,718,100
- Average approval$271,810
- Median approval$104,100
- Ninetieth percentile approval$840,000
- Largest approval$840,000
- Jobs supported116
- Jobs per approval11.6
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more60.0 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS7
A charge-off rate is not published here. only 5 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.
Tower
SBA loans in Tower (504)
- Approvals5
- Gross approval$2,607,000
- Average approval$521,400
- Median approval$535,000
- Largest approval$587,000
- Jobs supported16
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
St. Louis County, not Tower
St. Louis County context, not Tower figures
These are St. Louis County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Tower measurements.
- Establishments in St. Louis County5,360
- Employment at those establishments, St. Louis County84,223
- Covered employment, St. Louis County95,504
- Average annual pay, St. Louis County$60,452
- Average weekly wage, St. Louis County$1,163
- Housing units permitted, St. Louis County637
- Of those, single family, St. Louis County293
- County product, 2024, St. Louis County$13,873,687,000
- County product change over the prior year, St. Louis County1.6 percent
- Average income of an arriving household, St. Louis County$61,324
Every figure in this section is published for St. Louis County as a whole and is not a measurement of Tower. 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
Tower questions, answered from the record.
How many people live in Tower, Minnesota?
367, in 169 households. Tower city covers 2.92 square miles of land, which is 126 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Tower in?
St. Louis 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 Tower?
$65,893. The median owner-occupied home is valued at $109,600. Median gross rent is $586 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Tower businesses?
10 7(a) approvals totalling $2.7 m, across 6 lenders, median approval $104,100, plus 5 504 approvals worth $2.6 m. These count approvals to borrowers whose address is in Tower, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Tower borrowers get paid back?
No rate is published for Tower. only 5 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 Tower figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for St. Louis 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 Tower.
Is zoning published for Tower?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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