The Census Bureau's 2020 to 2024 estimates count about 79,220 people in Plymouth, with a median household income of $136,534. Compare personal loan offers by APR and total cost, confirm every fee in dollars, and check the lender's Minnesota license. Your own income, debts and credit decide what you qualify for.
On this page
- Plymouth in numbers
- Paychecks in Plymouth
- People and housing stock in Plymouth
- Jobs data for the Plymouth area
- Running the numbers for Plymouth
- Borrowing takeaways for Plymouth
- Plymouth against similar places
- Plymouth and its neighbors
- Getting to know Plymouth
- A situation that comes up in Plymouth
- Do this before signing in Plymouth
- Other guides in the area
- Frequently asked questions
Plymouth in numbers
These are Census Bureau estimates (ACS, 2020 to 2024) for the city of Plymouth, Minnesota. A place average is context, while your finances are what a lender reads.
Paychecks in Plymouth
Count the jobs held by Plymouth residents and education and health care comes out on top (24%), followed by professional, scientific and administrative services at 18% and finance, insurance and real estate at 13%. The sector where Plymouth stands furthest from the typical place in our set is finance, insurance and real estate (13% here, 7% at the median). Public jobs tend to be steady but slow to change. Private-sector pay can move faster, in both directions.
Break Plymouth households into income groups and 8% fall below $35,000, 30% land between $35,000 and $100,000, and 62% reach $100,000 or beyond. Our U.S. city median is 39% at $100,000 or more and 20% under $35,000. Income inequality, measured by the Gini index, is 0.44.
People and housing stock in Plymouth
A bachelor's degree or more is held by 66% of Plymouth adults aged 25 and up, and the median age is 40.3. The U.S. city medians are 37.2 years and 37% with a degree, so Plymouth skews older and above the middle on schooling.
Of every 100 homes in Plymouth, about 58 are detached houses and 24 sit in larger apartment buildings. For the U.S. city set as a whole, the middle is 61% detached and 22% multifamily.
Jobs data for the Plymouth area
The Bureau of Labor Statistics put the unemployment rate in Hennepin County at 4.7% for September 2026 (not seasonally adjusted, preliminary), up 0.9 points from 3.8% a year earlier. Census survey data put the Plymouth rate at 2.3% on a 2020 to 2024 average.
Running the numbers for Plymouth
Here is the budget math at the median. A Plymouth household earning $136,534 a year has about $11,378 a month before taxes. The median gross rent of $1,766 takes roughly 16% of that, against a common affordability yardstick of 30%, or about $3,413. Apply a 36% debt-to-income test and a median-earning household in Plymouth could carry roughly $4,096 a month in total debt payments, housing included. Buying the median home would take about 3.6 years of median income.
Borrowing takeaways for Plymouth
Unemployment in Plymouth is estimated at 2.3%, lower than in most of the 784 U.S. city places in our set. A strong local labor market does not guarantee approval, but steady income is the thing lenders want to see.
Housing costs are manageable for most mortgaged owners in Plymouth (18% are burdened), compared with the 784-place U.S. city group. If you own, you can afford to compare a loan against home-equity options carefully.
Commutes are comparatively short in Plymouth: only 5% of workers travel 45 minutes or more, in the lower third of the 784 U.S. city places we cover. Transportation costs are likely to be a smaller line in many budgets.
Plymouth against similar places
Line Plymouth up with the other 784 U.S. city places and you see a median household income of $136,534 (63rd of 784, top down), a median gross rent of $1,766 (244th of 784, top down), and a median home value of $491,200 (179th of 784, top down). These ranks describe a place, not a household.
For scale, look at two Minnesota places of similar size: Bloomington ($93,211 income, $1,561 rent), where Plymouth runs 46% above on income and 13% above on rent and Eagan ($108,690 income, $1,679 rent), where Plymouth runs 26% above on income and 5% above on rent.
Plymouth and its neighbors
Neighboring places within about 35 miles, nearest first, using the same 2020 to 2024 Census estimates. Rent difference is measured against Plymouth.
| Community | Miles away | Residents | Household income (median) | Rent (median) | Rent vs Plymouth |
|---|---|---|---|---|---|
| New Hope | 4 mi | 21,181 | $77,662 | $1,335 | -$431 |
| Wayzata | 5 mi | 4,354 | $131,614 | $1,782 | +$16 |
| Crystal | 5 mi | 22,476 | $92,513 | $1,467 | -$299 |
| Golden Valley | 6 mi | 21,725 | $108,772 | $1,785 | +$19 |
| Medina | 6 mi | 6,968 | $230,859 | $1,429 | -$337 |
| Minnetonka | 6 mi | 53,064 | $119,517 | $1,779 | +$13 |
| Maple Grove | 6 mi | 71,173 | $132,731 | $1,868 | +$102 |
| Robbinsdale | 6 mi | 14,234 | $88,252 | $1,758 | -$8 |
On income, Plymouth trails 1 of its 8 nearest neighbors; on rent, 4 of them are cheaper. Rent runs from $1,335 in New Hope to $1,868 in Maple Grove, and the highest median income nearby is $230,859 in Medina. Lenders look at your own rent or mortgage, not the town average, but the spread shows how much local costs vary.
Getting to know Plymouth
Plymouth is a Hennepin County suburb west of Minneapolis with corporate offices and manufacturers. Long winters add heating and car costs to household budgets.
A situation that comes up in Plymouth
Health-care employers in Plymouth offer steady paychecks and also steady medical bills. If your own bills are the reason you are borrowing, ask the hospital about financial assistance first.
Do this before signing in Plymouth
- Check your state's financial regulator for the lender's license, and use the CFPB complaint portal if something goes wrong.
- Stress-test the payment: could you still make it after one bad month?
- Check the payment against Plymouth rent or mortgage in the DTI calculator before applying anywhere.
- Pull your credit reports for free at AnnualCreditReport.com and dispute errors before lenders look.
- Get the same four numbers from every lender: what you receive, the APR, all fees and the total you will repay.
Other guides in the area
- Personal loans in Eden Prairie, MN
- Personal loans in Edina, MN
- Personal loans in Minnetonka, MN
- Personal loans in Bloomington, MN
- Personal loans in Eagan, MN
- Personal loans in St. Paul, MN
Frequently asked questions
Can renters in Plymouth get a personal loan without owning a home?
Yes. Most personal loans are unsecured, so you do not need a house. Lenders look at income, credit history and debt payments. Renters cannot borrow against equity, which makes comparing APR and total cost even more important.
Should I borrow for a medical bill in Plymouth before asking about financial assistance?
No. Ask first. Nonprofit hospitals must have financial assistance policies, and a payment plan from the provider is often cheaper than a loan.
Will my Plymouth address affect my match?
No. Where you live inside a state does not change the questions or the rules. Only your own answers count, and lenders must follow fair-lending laws when they decide.
Where do I file a complaint about a lender in Plymouth?
Start with the Minnesota financial regulator or attorney general, then the CFPB complaint portal. If you were asked to pay a fee before getting a loan, report it at ReportFraud.ftc.gov.