Karlstad is located in northwest Minnesota. Karlstad is between the Kittson, Marshall, Roseau county. Karlstad has 1.53 square miles of land area and 0.00 square miles of water area. As of 2010-2014, the total Karlstad population is 766, which has shrunk 3.53% since 2000. The population growth rate is much lower than the state average rate of 9.44% and is much lower than the national average rate of 11.61%. Karlstad median household income is $36,912 in 2010-2014 and has grown by 46.43% since 2000. The income growth rate is much higher than the state average rate of 29.12% and is much higher than the national average rate of 27.36%. Karlstad median house value is $71,700 in 2010-2014 and has grown by 51.59% since 2000. The house value growth rate is about the same as the state average rate of 51.31% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Karlstad is close to the state average in quality. The Karlstad area code is 218.