Living in Lake George, Minnesota
Cost of living, income, home prices, rent and demographics of Lake George · Census data 2020–2024
Lake George has 204 residents with a median age of 51.5. The median household income is $84,167 (5% lower than the Minnesota median), the median home value is $245,500, the median rent is $1,167/month.
Lake George is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake George at a glance
- Population
- 204
- Median age
- 51.5State: 38.8
- Median household income
- $84,167State: $89,062
- Median home value
- $245,500State: $329,300
- Median rent
- $1,167/moState: $1,280
- Homeowners
- 95%
- Bachelor's degree or higher
- 28.3%
- Average commute
- 33 min
Is Lake George a good place to live?
Pros: Home values 25% lower than the state median; a poverty rate of 6.9%.
Cons: Median household income 5% lower than the Minnesota median; an average commute of 33 minutes; unemployment of 12.8%.
The weather is best in June to September.
Cost of living in Lake George
Housing is the biggest part of the cost of living. In Lake George the median home value is $245,500, 26% lower than the U.S. median. Renters pay a median of $1,167 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,350 a month in housing costs.
Lake George median household income
The median household income in Lake George is $84,167 and the income per person is $36,645. 6.9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Lake George: homes for sale and rent
- Housing units
- 176
- Owner-occupied
- 95%
- Renter-occupied
- 5%
- Vacant
- 54.5%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.55
54.5% of homes are vacant most of the year, a sign that Lake George has many vacation and second homes.
Lake George demographics
- Population
- 204
- Median age
- 51.5
- Under 18
- 15.2%
- 65 and older
- 37.7%
- Households
- 80
- Foreign-born
- 3.4%
- Veterans
- 13.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake George ›
Education in Lake George
28.3% of adults 25 and older in Lake George have a bachelor's degree or higher (Minnesota: 39.4%), and 8.8% have a graduate or professional degree.
Jobs and commute in Lake George
- Unemployment rate
- 12.8%State: 4.1%
- Average commute
- 33 minState: 23 min
- Work from home
- 23.2%
- Drive alone
- 58%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 93.8%
Lake George vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake George | 204 | $84,167 | $245,500 | $1,167 |
| Nevis | 496 | $60,268 | $182,000 | $595 |
| Akeley | 289 | $44,000 | $110,500 | $1,094 |
| Park Rapids | 4,270 | $44,747 | $227,500 | $825 |
| Walker | 848 | $34,375 | $261,800 | $545 |
| Bemidji | 15,569 | $55,405 | $198,300 | $1,067 |
| Osage | 290 | $48,333 | $330,300 | $725 |
| Cass Lake | 635 | $48,250 | $109,900 | $763 |
| Wilton | 327 | $70,625 | $162,500 | $1,167 |
More for people moving to Lake George
Lake George ZIP code ›Weather and climate ›Living in Lake George: FAQ
What is the median household income in Lake George, MN?
The median household income in Lake George is $84,167, 5% lower 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 Lake George?
The median home value in Lake George is $245,500, compared with $329,300 in Minnesota.
How much is rent in Lake George?
The median gross rent in Lake George is $1,167 per month, about 22.5% of household income.
Is Lake George, MN a good place to live?
Pluses: home values 25% lower than the state median; a poverty rate of 6.9%. Minuses: median household income 5% lower than the Minnesota median; an average commute of 33 minutes; unemployment of 12.8%.
What is the median age in Lake George?
The median age in Lake George is 51.5 years (Minnesota: 38.8).
How long is the commute in Lake George?
The average commute to work in Lake George is 33 minutes; 23.2% of workers work from home.
What is the unemployment rate in Lake George?
The unemployment rate in Lake George is 12.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake George?
28.3% of adults in Lake George 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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