Living in Gem Lake, Minnesota
Cost of living, income, home prices, rent and demographics of Gem Lake · Census data 2020–2024
Gem Lake has 483 residents with a median age of 57.3. The median household income is $124,583 (40% higher than the Minnesota median), the median home value is $568,900, the median rent is $1,800/month.
Gem Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Gem Lake at a glance
- Population
- 483
- Median age
- 57.3State: 38.8
- Median household income
- $124,583State: $89,062
- Median home value
- $568,900State: $329,300
- Median rent
- $1,800/moState: $1,280
- Homeowners
- 87.1%
- Bachelor's degree or higher
- 50.9%
- Average commute
- 19 min
Is Gem Lake a good place to live?
Pros: Median household income 40% higher than the Minnesota median; an average commute of 19 minutes; unemployment of 0.5%; a poverty rate of 3.1%.
Cons: Home values 73% higher than the state median.
The weather is best in June to September.
Cost of living in Gem Lake
Housing is the biggest part of the cost of living. In Gem Lake the median home value is $568,900, 71% higher than the U.S. median. Renters pay a median of $1,800 per month, which is 24% of household income. Homeowners with a mortgage pay $3,031 a month in housing costs.
Gem Lake median household income
The median household income in Gem Lake is $124,583 and the income per person is $69,953. 3.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Gem Lake: homes for sale and rent
- Housing units
- 204
- Owner-occupied
- 87.1%
- Renter-occupied
- 12.9%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.49
Gem Lake demographics
- Population
- 483
- Median age
- 57.3
- Under 18
- 21.3%
- 65 and older
- 28%
- Households
- 194
- Foreign-born
- 0.6%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Gem Lake ›
Education in Gem Lake
50.9% of adults 25 and older in Gem Lake have a bachelor's degree or higher (Minnesota: 39.4%), and 22.1% have a graduate or professional degree.
Jobs and commute in Gem Lake
- Unemployment rate
- 0.5%State: 4.1%
- Average commute
- 19 minState: 23 min
- Work from home
- 32.9%
- Drive alone
- 59.2%
- Public transit
- 1.4%
- Walk to work
- 2.3%
- Homes with broadband
- 96.4%
Gem Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Gem Lake | 483 | $124,583 | $568,900 | $1,800 |
| White Bear Lake | 23,908 | $83,554 | $331,800 | $1,601 |
| Vadnais Heights | 12,838 | $98,685 | $363,100 | $1,455 |
| Birchwood Village | 866 | $156,563 | $462,800 | $1,681 |
| Maplewood | 40,695 | $91,394 | $323,200 | $1,406 |
| Little Canada | 10,514 | $77,957 | $319,800 | $1,417 |
| Mahtomedi | 8,133 | $123,319 | $476,000 | $1,694 |
| North St. Paul | 12,570 | $84,797 | $298,500 | $1,352 |
| Willernie | 495 | $85,531 | $331,300 | $1,322 |
More for people moving to Gem Lake
Gem Lake ZIP code ›Weather and climate ›Living in Gem Lake: FAQ
What is the median household income in Gem Lake, MN?
The median household income in Gem Lake is $124,583, 40% 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 Gem Lake?
The median home value in Gem Lake is $568,900, compared with $329,300 in Minnesota.
How much is rent in Gem Lake?
The median gross rent in Gem Lake is $1,800 per month, about 24% of household income.
Is Gem Lake, MN a good place to live?
Pluses: median household income 40% higher than the Minnesota median; an average commute of 19 minutes; unemployment of 0.5%; a poverty rate of 3.1%. Minuses: home values 73% higher than the state median.
What is the median age in Gem Lake?
The median age in Gem Lake is 57.3 years (Minnesota: 38.8).
How long is the commute in Gem Lake?
The average commute to work in Gem Lake is 19 minutes; 32.9% of workers work from home.
What is the unemployment rate in Gem Lake?
The unemployment rate in Gem Lake is 0.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Gem Lake?
50.9% of adults in Gem 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.
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