Living in Lake Shore, Minnesota
Cost of living, income, home prices, rent and demographics of Lake Shore · Census data 2020–2024
Lake Shore has 1,073 residents with a median age of 54.7. The median household income is $96,563 (8% higher than the Minnesota median), the median home value is $513,200.
Lake Shore is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Shore at a glance
- Population
- 1,073
- Median age
- 54.7State: 38.8
- Median household income
- $96,563State: $89,062
- Median home value
- $513,200State: $329,300
- Homeowners
- 93.6%
- Bachelor's degree or higher
- 41.3%
- Average commute
- 22 min
Is Lake Shore a good place to live?
Pros: Median household income 8% higher than the Minnesota median; an average commute of 22 minutes; unemployment of 1.6%; a poverty rate of 5.8%.
Cons: Home values 56% higher than the state median.
The weather is best in June to September.
Cost of living in Lake Shore
Housing is the biggest part of the cost of living. In Lake Shore the median home value is $513,200, 54% higher than the U.S. median. Renters pay a median of — per month, which is 21.7% of household income. Homeowners with a mortgage pay $2,160 a month in housing costs.
Lake Shore median household income
The median household income in Lake Shore is $96,563 and the income per person is $63,843. 5.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Lake Shore: homes for sale and rent
- Housing units
- 1,035
- Owner-occupied
- 93.6%
- Renter-occupied
- 6.4%
- Vacant
- 53%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.20
53% of homes are vacant most of the year, a sign that Lake Shore has many vacation and second homes.
Lake Shore demographics
- Population
- 1,073
- Median age
- 54.7
- Under 18
- 18.8%
- 65 and older
- 31.8%
- Households
- 486
- Foreign-born
- 0.9%
- Veterans
- 9.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Shore ›
Education in Lake Shore
41.3% of adults 25 and older in Lake Shore have a bachelor's degree or higher (Minnesota: 39.4%), and 11.7% have a graduate or professional degree.
Jobs and commute in Lake Shore
- Unemployment rate
- 1.6%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 18.8%
- Drive alone
- 69.2%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 90.7%
Lake Shore vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Shore | 1,073 | $96,563 | $513,200 | — |
| Nisswa | 1,954 | $100,000 | $481,200 | $867 |
| Pequot Lakes | 2,079 | $63,699 | $289,300 | $847 |
| East Gull Lake | 1,076 | $123,333 | $553,700 | $1,438 |
| Merrifield | 121 | $39,572 | $226,800 | — |
| Jenkins | 508 | $74,250 | $275,000 | $1,018 |
| Breezy Point | 2,687 | $85,938 | $340,800 | $1,137 |
| Baxter | 8,966 | $70,688 | $324,100 | $1,154 |
| Brainerd | 14,468 | $56,111 | $192,500 | $827 |
More for people moving to Lake Shore
Lake Shore ZIP code ›Weather and climate ›Living in Lake Shore: FAQ
What is the median household income in Lake Shore, MN?
The median household income in Lake Shore is $96,563, 8% 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 Lake Shore?
The median home value in Lake Shore is $513,200, compared with $329,300 in Minnesota.
Is Lake Shore, MN a good place to live?
Pluses: median household income 8% higher than the Minnesota median; an average commute of 22 minutes; unemployment of 1.6%; a poverty rate of 5.8%. Minuses: home values 56% higher than the state median.
What is the median age in Lake Shore?
The median age in Lake Shore is 54.7 years (Minnesota: 38.8).
How long is the commute in Lake Shore?
The average commute to work in Lake Shore is 22 minutes; 18.8% of workers work from home.
What is the unemployment rate in Lake Shore?
The unemployment rate in Lake Shore is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Shore?
41.3% of adults in Lake Shore 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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