Personal loans in Medford, MN

By population, Medford sits at 305th in Minnesota, with an estimated 1,368 residents. For the 1,368 people in Medford, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Population in Medford climbed about 4.0% over the three years from 2020 to 2023. The next larger city is Owatonna, MN about 5 miles away.

Medford: population, trend and location

Only a few things actually differ by place — population, area, location, and the Minnesota rules a lender must follow — and they are below.

• Population: 1,368 people, a figure that places Medford 305th among the 853 Census places in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: Higher by roughly 4.0% since the 2020 count.
• Change in people: the 2020-to-2023 comparison is a gain of about 53 residents.
• Size percentile: bigger than about 64% of the places in Minnesota, with 1,368 residents in Medford.
• Population density: about 1,146 people per square mile across 1.2 square miles of land (Census Gazetteer area, Vintage 2023 population).
• Land area: Medford covers 1.2 square miles, the 455th-largest area among Minnesota's 853 places.
• State population share: Medford accounts for about 0.0% of everyone in Minnesota.
• National rank: Medford sits 9,054th by population among the 19,457 places in this dataset.
• Growth rank: Medford's 2020-to-2023 change ranks 87th of 853 places in Minnesota.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Medford's 4.0%.
• Density rank: Medford places 219th among Minnesota's places by people per square mile.
• Density in context: Medford's 1,146 people per square mile sit against a Minnesota median of 607.
• Location: mapped by the US Census Bureau at 44.1685, -93.2473.
• Nearest larger cities: Owatonna (5 mi); Faribault (9 mi); Waseca (14 mi); Kenyon (15 mi); Waterville (17 mi). For most borrowers the comparison happens online, not at a branch.
• Smaller places nearby: Morristown (11 mi); Claremont (15 mi); Nerstrand (15 mi).
• Smaller neighbours: 70 places smaller than Medford sit within 50 miles.
• Within 100 miles: 250 places are larger than Medford.

Medford: area, density and distance

The Census Gazetteer records about 1.2 square miles of land within Medford, with no significant water area listed. With 1,368 residents, the land area yields roughly 1,146 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 55 miles away. Within 50 miles of Medford there are 59 larger Census places. By land area it ranks 455th of 853 Minnesota places.

Steps to take before a Medford loan

Before you apply in Medford, a community of about 1,368, work through these steps:

1. Pull your credit reports first and correct any error before a lender sees the file.
2. Use the loan calculator to test the payment on your intended amount and term.
3. Line up several pre-qualified offers and let the APR decide.
4. Confirm the lender holds a Minnesota licence by checking the regulator named above.
5. Check that the monthly payment fits your budget next to your existing obligations.
6. Pick the shortest term whose payment you can comfortably afford.
7. Borrow only what the purpose requires, not the maximum you are offered.

In Medford as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 1,368 residents.

Minnesota rules behind a Medford personal loan

This table holds the Minnesota rate and licensing rules for consumer loans made to Medford's 1,368 residents.

What shapes a Medford personal loan

In Medford, a small community of about 1,368, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Two numbers drive a Medford loan: the APR, which includes fees, and the term, which decides how long you keep paying. Shortening the term on a Medford loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Borrowing reach in Medford

At roughly 1,146 people per square mile, Medford is moderately settled; 59 larger places lie within 50 miles. Lenders licensed in Minnesota reach Medford's 1,368 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Owatonna, MN about 5 miles away.