Loretto is located in south Minnesota. Loretto is part of Hennepin County. Loretto has 0.29 square miles of land area and has no water area. As of 2010-2014, the total Loretto population is 701, which has grown 22.98% since 2000. The population growth rate is much higher than the state average rate of 9.44% and is much higher than the national average rate of 11.61%. Loretto median household income is $74,167 in 2010-2014 and has grown by 36.40% since 2000. The income growth rate is higher than the state average rate of 29.12% and is higher than the national average rate of 27.36%. Loretto median house value is $202,300 in 2010-2014 and has grown by 32.48% since 2000. The house value growth rate is much lower than the state average rate of 51.31% and is lower 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 Loretto is much better than the state average in quality. The Loretto area code is 763.