Hermantown is a medium-sized city located in the state of Minnesota. With a population of 10,202 people and two associated neighborhoods, Hermantown is the 100th largest community in Minnesota. Much of the housing stock in Hermantown was built relatively recently. The construction of new real estate can often be taken as an indication that the local Hermantown economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Hermantown, where the median household income is $92,026.00.

Hermantown real estate is some of the most expensive in Minnesota, although Hermantown house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.31% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Hermantown is a small city, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

The citizens of Hermantown are very well educated compared to the average community in the nation: 39.76% of adults in Hermantown have a bachelor's degree or even advanced degree.

The per capita income in Hermantown in 2022 was $51,169, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $204,676 for a family of four. However, Hermantown contains both very wealthy and poor people as well.

The people who call Hermantown home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Hermantown residents report their race to be White, followed by Black or African-American. Important ancestries of people in Hermantown include German, Norwegian, Swedish, English, and Polish.

The most common language spoken in Hermantown is English. Other important languages spoken here include Spanish and German/Yiddish.