Living in Lakeland, Minnesota
Cost of living, income, home prices, rent and demographics of Lakeland · Census data 2020–2024
Lakeland has 1,492 residents with a median age of 56.2. The median household income is $100,132 (12% higher than the Minnesota median), the median home value is $373,900, the median rent is $1,668/month.
Lakeland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lakeland at a glance
- Population
- 1,492
- Median age
- 56.2State: 38.8
- Median household income
- $100,132State: $89,062
- Median home value
- $373,900State: $329,300
- Median rent
- $1,668/moState: $1,280
- Homeowners
- 86.6%
- Bachelor's degree or higher
- 47.3%
- Average commute
- 25 min
Is Lakeland a good place to live?
Pros: Median household income 12% higher than the Minnesota median; a poverty rate of 3.3%.
Cons: Home values 14% higher than the state median; an average commute of 25 minutes; unemployment of 4.9%.
The weather is best in May–June and August–September.
Cost of living in Lakeland
Housing is the biggest part of the cost of living. In Lakeland the median home value is $373,900, 12% higher than the U.S. median. Renters pay a median of $1,668 per month, which is 36.6% of household income. Homeowners with a mortgage pay $2,128 a month in housing costs.
Lakeland median household income
The median household income in Lakeland is $100,132 and the income per person is $58,009. 3.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Lakeland: homes for sale and rent
- Housing units
- 760
- Owner-occupied
- 86.6%
- Renter-occupied
- 13.4%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.06
Lakeland demographics
- Population
- 1,492
- Median age
- 56.2
- Under 18
- 11.7%
- 65 and older
- 27.3%
- Households
- 724
- Foreign-born
- 3.5%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakeland ›
Education in Lakeland
47.3% of adults 25 and older in Lakeland have a bachelor's degree or higher (Minnesota: 39.4%), and 15.1% have a graduate or professional degree.
Jobs and commute in Lakeland
- Unemployment rate
- 4.9%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 20.1%
- Drive alone
- 71.2%
- Public transit
- 0.4%
- Walk to work
- 0.7%
- Homes with broadband
- 96.1%
Lakeland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakeland | 1,492 | $100,132 | $373,900 | $1,668 |
| Lakeland Shores | 344 | $134,375 | $455,400 | $1,375 |
| Hudson | 14,959 | $93,937 | $392,700 | $1,359 |
| Lake St. Croix Beach | 1,105 | $102,159 | $363,800 | $1,563 |
| St. Marys Point | 483 | $113,750 | $523,000 | $1,125 |
| North Hudson | 3,819 | $122,647 | $385,300 | $1,506 |
| Bayport | 3,905 | $125,893 | $376,900 | $2,028 |
| Afton | 2,957 | $133,305 | $679,300 | $2,333 |
| Oak Park Heights | 4,756 | $82,476 | $354,800 | $1,443 |
More for people moving to Lakeland
Lakeland ZIP code ›Weather and climate ›Living in Lakeland: FAQ
What is the median household income in Lakeland, MN?
The median household income in Lakeland is $100,132, 12% 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 Lakeland?
The median home value in Lakeland is $373,900, compared with $329,300 in Minnesota.
How much is rent in Lakeland?
The median gross rent in Lakeland is $1,668 per month, about 36.6% of household income.
Is Lakeland, MN a good place to live?
Pluses: median household income 12% higher than the Minnesota median; a poverty rate of 3.3%. Minuses: home values 14% higher than the state median; an average commute of 25 minutes; unemployment of 4.9%.
What is the median age in Lakeland?
The median age in Lakeland is 56.2 years (Minnesota: 38.8).
How long is the commute in Lakeland?
The average commute to work in Lakeland is 25 minutes; 20.1% of workers work from home.
What is the unemployment rate in Lakeland?
The unemployment rate in Lakeland is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakeland?
47.3% of adults in Lakeland 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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