Hermantown is a city in Minnesota state in USA with a population of 9577 residents.. The poverty rate of Hermantown is 4.9%, which is 65% lower than national average. The typical household in Hermantown earns $80500 a year, compared to the national median of $67,500. Nearly 35.3% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Hermantown, only 99% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hermantown remained 2%, which is 57% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Hermantown, only 38% of adults have a bachelor's degree and 36% have some college but no degree.

Cost of living in Hermantown is 110, which is 10% higher than national average. Median home value in Hermantown is $277300 , which is 21% higher than national average. While median income in Hermantown remained $80500, which is 19% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.