Historic Minnesota Town Listed As Poorest in the Entire State

According to recent studies, Minnesota has withstood the rise of inflation better than most states in the U.S. However, that doesn't mean that some towns in the Land of Ten Thousand Lakes aren't struggling mightily.

247 Wall Street recently released its report on the poorest town in every state, and the municipality it chose for the poorest in Minnesota, was once a bustling community of activity and prosperity.

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Here are a few of the factors 247 Wall St. used to determine the poorest town in each state:

• Median Household Income
• Households Receiving SNAP Benefits
• Adults With a Bachelor's Degree or Higher
• Median Home Value

Pictured above, is the town of Aurora, Minnesota, a community on the Minnesota Iron Range, and according to 247 Wall St, the poorest place in the entire state.

Located in St. Louis County, Aurora has a population of 1,709, according to the latest census info. It was chosen over 311 Minnesota municipalities as the poorest town in the state. Its median household income is just over $32,000 a year, and those with bachelor's degrees within the town's borders measure around 18%. Over 28% of Aurora receives SNAP benefits, and its median household value is $67,000.

Although it has fallen on hard times, the town of Aurora was once a vibrant and crucial part of the iron range. It was once part of a booming mining area, that sadly, has since, declined dramatically.

Despite some of its hardships, Aurora is located in an ideal location. It's only an hour from Duluth, 45 minutes from Ely, and right next door to the Giants Ridge Golf and Ski Resort.

To read the full study by 247 Wall Street and find out the poorest town in each state, check out the article, here.

Story Sources: 247 Wall Street Website, Aurora Town Website, Experian Website