Personal loans in Hoffman, MN

The roughly 710 people who live in Hoffman borrow under Minnesota rules; city hall sets no personal-loan rate. Hoffman added about 1.6% to its population between the 2020 base and the 2023 estimate. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Hoffman loan. Borrowers who want a bigger city can look to Elbow Lake, MN about 14 miles away.

Hoffman by the numbers

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

• Population: a Census-estimated 710, 416th among Minnesota's 853 places (Vintage 2023).
• Population trend: A gain of roughly 1.6% between 2020 and 2023.
• Absolute change: 11 residents added between 2020 and 2023.
• Size percentile: Hoffman's 710 people outrank roughly 51% of the places in Minnesota.
• Density: roughly 338 residents per square mile, spread over 2.1 sq mi of land.
• Land area: Hoffman covers 2.1 square miles, the 318th-largest area among Minnesota's 853 places.
• State population share: Hoffman accounts for about 0.0% of everyone in Minnesota.
• National rank: Hoffman sits 11,738th by population among the 19,457 places in this dataset.
• Growth rank: Hoffman's 2020-to-2023 change ranks 195th of 853 places in Minnesota.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Hoffman's 1.6%.
• Density rank: Hoffman places 589th among Minnesota's places by people per square mile.
• Density vs Minnesota: Hoffman's 338 people per square mile compare with a state median of 607.
• Location: 45.8344 / -95.7874, per the US Census Bureau Gazetteer.
• Nearest larger cities: Elbow Lake (14 mi); Morris (18 mi); Starbuck (20 mi); Alexandria (20 mi); Glenwood (23 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Nearest smaller places: Kensington (6 mi); Barrett (8 mi); Farwell (10 mi).
• Smaller neighbours: 69 places smaller than Hoffman sit within 50 miles.
• Within 100 miles: 116 places are larger than Hoffman.

How a Hoffman personal loan is priced

With roughly 710 residents, Hoffman is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. A lender serving Hoffman's 710 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Hoffman loan but raises total interest, so the smallest payment is not the cheapest loan.

What is available to Hoffman borrowers

At roughly 338 people per square mile, Hoffman is lightly settled; 23 larger places lie within 50 miles. A Minnesota licence lets a lender serve Hoffman without a local office, so branch density does not change what its 710 residents are offered. The nearest larger city, Elbow Lake, MN about 14 miles away.

How Hoffman compares across Minnesota

Hoffman is the 416th-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. On the 2020-to-2023 trend, Hoffman stands 195th among Minnesota's 853 places — roughly the 77th percentile. By density, at about 338 people per square mile, it ranks 589th in Minnesota. Between 2020 and 2023 the count changed by roughly 11 residents.

Land, water and location for Hoffman

Hoffman's land area is roughly 2.1 square miles, and the Gazetteer records no significant water area within it. Spread across it are roughly 338 residents per square mile. Minneapolis, the largest place in Minnesota, is about 136 miles from Hoffman. Within 50 miles of Hoffman there are 23 larger Census places. By land area it ranks 318th of 853 Minnesota places.

Which Minnesota laws govern a loan in Hoffman

These are Minnesota's sourced lending facts as they reach Hoffman's 710 residents; the state has no city-level rate rule.