Personal loans in Mayer, MN
Mayer is home to roughly 2,528 people and stands 231st by size out of 853 Census places in Minnesota. The roughly 2,528 people who live in Mayer borrow under Minnesota rules; city hall sets no personal-loan rate.
Pull your credit reports and line up at least three offers before you apply from Mayer. A single loan can carry different costs on either side of a state line, and Mayer sits on the Minnesota side of that line. From the 2020 Census base to the 2023 estimate, the population rose by about 3.1%. A larger market lies at Watertown, MN about 6 miles away.
Borrowing in Mayer: the local picture
Read the local figures below as context; read the sourced Minnesota table as the rulebook a lender here must follow.
- Population: about 2,528 people live here, which puts Mayer 231st of 853 Census places in Minnesota (Vintage 2023).
- Population trend: Up about 3.1% from the 2020 Census base to the 2023 estimate.
- Absolute change: 77 residents added between 2020 and 2023.
- Size percentile: Mayer's 2,528 people outrank roughly 73% of the places in Minnesota.
- Land and density: 1.4 square miles of land carry roughly 1,840 residents per square mile.
- Land area rank: Mayer's 1.4 square miles rank 420th of 853 places in Minnesota.
- Water area rank: Mayer ranks 324th among Minnesota's 853 places, with 0.03 sq mi.
- State population share: Mayer accounts for about 0.1% of everyone in Minnesota.
- National rank: Mayer is 6,806th of 19,457 places nationwide.
- Growth in Minnesota: Mayer stands 113th by percentage change from 2020 to 2023, among 853 places.
- State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Mayer's 3.1%.
- Density in Minnesota: Mayer ranks 91st by people per square mile.
- Against the state median: Mayer runs about 1,840 residents per square mile, where the Minnesota median is 607.
- Location: mapped by the US Census Bureau at 44.8889, -93.8945.
- Nearest larger cities: Watertown (6 mi); Waconia (6 mi); Norwood Young America (8 mi); Minnetrista (10 mi); Delano (11 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
- Smaller towns nearby: New Germany (4 mi); Lester Prairie (7 mi); St. Bonifacius (7 mi).
- Within a 50-mile radius: 79 smaller Census places.
- Within 100 miles: 195 places are larger than Mayer.
Mayer in state context
Against Minnesota's other places, Mayer accounts for about 0.1% of the state's population and ranks 231st of 853 by size. For population change between 2020 and 2023, Mayer ranks 113th of 853 in Minnesota (about the 87th percentile). By density, at about 1,840 people per square mile, it ranks 91st in Minnesota. The population moved by about 77 people between 2020 and 2023, a 3.1% shift.
What Minnesota law requires in Mayer
Every row below records a Minnesota rule, its publisher and its retrieval date — the same rules a Mayer lender must follow.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Minnesota Department of Commerce (commissioner of commerce) Source says: ""Commissioner" means the commissioner of commerce" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Payday ability-to-repay requirement | Required for payday loans with an APR above 36% (Minn. Stat. § 47.603) Source says: "This section applies to all payday loans with an annual percentage rate that exceeds 36 percent." | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 6% per year legal rate of interest; a different rate may be contracted for in writing (Minn. Stat. § 334.01) Source says: "The interest for any legal indebtedness shall be at the rate of $6 upon $100 for a year" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
How lenders reach Mayer
Mayer is a moderately settled community of about 2,528 people, with 126 larger places inside a 50-mile radius. What is available to Mayer's 2,528 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is Watertown, MN about 6 miles away.
The anatomy of a Mayer personal loan
Mayer is a small community of about 2,528 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. The rate you see advertised is a range, not a promise, until a lender reviews your file in Mayer. A longer term lowers the monthly payment on a Mayer loan but raises total interest, so the smallest payment is not the cheapest loan.
Mayer: area, density and distance
Inside Mayer's boundaries lie roughly 1.4 square miles of land and 0.03 square miles of water. The resulting density is about 1,840 people per square mile. For the state's biggest city, Minneapolis, the distance is roughly 31 miles. Within 50 miles of Mayer there are 126 larger Census places. The 100-mile radius contains 195 larger places.
Common questions
What are my options in Mayer if my credit is poor?
What loan size can I expect in Mayer?
Do I have to pledge anything to borrow in Mayer?
Does comparing loans in Mayer cost me credit score points?
Nearby places
- New Germany, MN — population 453
- Watertown, MN — population 4,791
- Waconia, MN — population 13,742
- Norwood Young America, MN — population 3,811
- Lester Prairie, MN — population 1,901
- St. Bonifacius, MN — population 2,162
- Cologne, MN — population 2,075
- Winsted, MN — population 2,225