Living in Eagle Lake, Minnesota
Cost of living, income, home prices, rent and demographics of Eagle Lake · Census data 2020–2024
Eagle Lake has 3,281 residents with a median age of 32.6. The median household income is $96,964 (9% higher than the Minnesota median), the median home value is $276,500, the median rent is $1,403/month.
Eagle Lake at a glance
- Population
- 3,281
- Median age
- 32.6State: 38.8
- Median household income
- $96,964State: $89,062
- Median home value
- $276,500State: $329,300
- Median rent
- $1,403/moState: $1,280
- Homeowners
- 64.4%
- Bachelor's degree or higher
- 37.6%
- Average commute
- 18 min
Is Eagle Lake a good place to live?
Pros: Median household income 9% higher than the Minnesota median; home values 16% lower than the state median; an average commute of 18 minutes; unemployment of 1.2%; a poverty rate of 6.2%.
The weather is best in June to September.
Cost of living in Eagle Lake
Housing is the biggest part of the cost of living. In Eagle Lake the median home value is $276,500, 17% lower than the U.S. median. Renters pay a median of $1,403 per month, which is 19.9% of household income. Homeowners with a mortgage pay $1,707 a month in housing costs.
Eagle Lake median household income
The median household income in Eagle Lake is $96,964 and the income per person is $35,728. 6.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Eagle Lake: homes for sale and rent
- Housing units
- 1,235
- Owner-occupied
- 64.4%
- Renter-occupied
- 35.6%
- Vacant
- 3%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.73
Eagle Lake demographics
- Population
- 3,281
- Median age
- 32.6
- Under 18
- 31.2%
- 65 and older
- 10.9%
- Households
- 1,198
- Foreign-born
- 3.2%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Eagle Lake ›
Education in Eagle Lake
37.6% of adults 25 and older in Eagle Lake have a bachelor's degree or higher (Minnesota: 39.4%), and 7% have a graduate or professional degree.
Jobs and commute in Eagle Lake
- Unemployment rate
- 1.2%State: 4.1%
- Average commute
- 18 minState: 23 min
- Work from home
- 9.6%
- Drive alone
- 80%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 95.8%
Eagle Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Eagle Lake | 3,281 | $96,964 | $276,500 | $1,403 |
| Mankato | 45,473 | $66,873 | $261,700 | $1,132 |
| Madison Lake | 1,322 | $87,727 | $303,100 | $596 |
| St. Clair | 710 | $106,136 | $218,000 | $750 |
| Skyline | 307 | $71,875 | $291,500 | — |
| North Mankato | 14,211 | $80,791 | $262,100 | $973 |
| Janesville | 2,378 | $74,643 | $206,800 | $873 |
| Kasota | 554 | $66,625 | $190,800 | $692 |
| Elysian | 676 | $89,632 | $285,400 | $1,088 |
More for people moving to Eagle Lake
Eagle Lake ZIP code ›Weather and climate ›Living in Eagle Lake: FAQ
What is the median household income in Eagle Lake, MN?
The median household income in Eagle Lake is $96,964, 9% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Eagle Lake?
The median home value in Eagle Lake is $276,500, compared with $329,300 in Minnesota.
How much is rent in Eagle Lake?
The median gross rent in Eagle Lake is $1,403 per month, about 19.9% of household income.
Is Eagle Lake, MN a good place to live?
Pluses: median household income 9% higher than the Minnesota median; home values 16% lower than the state median; an average commute of 18 minutes; unemployment of 1.2%; a poverty rate of 6.2%.
What is the median age in Eagle Lake?
The median age in Eagle Lake is 32.6 years (Minnesota: 38.8).
How long is the commute in Eagle Lake?
The average commute to work in Eagle Lake is 18 minutes; 9.6% of workers work from home.
What is the unemployment rate in Eagle Lake?
The unemployment rate in Eagle Lake is 1.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Eagle Lake?
37.6% of adults in Eagle Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: