Living in Lanesboro, Minnesota
Cost of living, income, home prices, rent and demographics of Lanesboro · Census data 2020–2024
Lanesboro has 744 residents with a median age of 49.4. The median household income is $75,313 (15% lower than the Minnesota median), the median home value is $213,200, the median rent is $518/month.
Lanesboro is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lanesboro at a glance
- Population
- 744
- Median age
- 49.4State: 38.8
- Median household income
- $75,313State: $89,062
- Median home value
- $213,200State: $329,300
- Median rent
- $518/moState: $1,280
- Homeowners
- 68.6%
- Bachelor's degree or higher
- 43.1%
- Average commute
- 21 min
Is Lanesboro a good place to live?
Pros: Home values 35% lower than the state median; an average commute of 21 minutes; unemployment of 3.2%.
Cons: Median household income 15% lower than the Minnesota median; a poverty rate of 11.4%.
The weather is best in June to September.
Cost of living in Lanesboro
Housing is the biggest part of the cost of living. In Lanesboro the median home value is $213,200, 36% lower than the U.S. median. Renters pay a median of $518 per month, which is 26.1% of household income. Homeowners with a mortgage pay $1,483 a month in housing costs.
Lanesboro median household income
The median household income in Lanesboro is $75,313 and the income per person is $41,132. 11.4% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Lanesboro: homes for sale and rent
- Housing units
- 467
- Owner-occupied
- 68.6%
- Renter-occupied
- 31.4%
- Vacant
- 24.4%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 2.10
Lanesboro demographics
- Population
- 744
- Median age
- 49.4
- Under 18
- 18.7%
- 65 and older
- 29%
- Households
- 353
- Foreign-born
- 2.2%
- Veterans
- 9.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lanesboro ›
Education in Lanesboro
43.1% of adults 25 and older in Lanesboro have a bachelor's degree or higher (Minnesota: 39.4%), and 18.7% have a graduate or professional degree.
Jobs and commute in Lanesboro
- Unemployment rate
- 3.2%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 7.2%
- Drive alone
- 73.2%
- Public transit
- 0%
- Walk to work
- 15.5%
- Homes with broadband
- 85.8%
Lanesboro vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lanesboro | 744 | $75,313 | $213,200 | $518 |
| Preston | 1,362 | $63,984 | $185,900 | $769 |
| Fountain | 493 | $78,750 | $185,300 | $630 |
| Peterson | 244 | $71,000 | $133,900 | $650 |
| Rushford Village | 809 | $106,719 | $279,500 | $950 |
| Harmony | 1,024 | $68,125 | $170,100 | $742 |
| Rushford | 1,826 | $76,638 | $214,800 | $857 |
| Canton | 398 | $53,056 | $93,200 | $610 |
| Chatfield | 2,559 | $96,078 | $241,600 | $748 |
More for people moving to Lanesboro
Lanesboro ZIP code ›Weather and climate ›Living in Lanesboro: FAQ
What is the median household income in Lanesboro, MN?
The median household income in Lanesboro is $75,313, 15% 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 Lanesboro?
The median home value in Lanesboro is $213,200, compared with $329,300 in Minnesota.
How much is rent in Lanesboro?
The median gross rent in Lanesboro is $518 per month, about 26.1% of household income.
Is Lanesboro, MN a good place to live?
Pluses: home values 35% lower than the state median; an average commute of 21 minutes; unemployment of 3.2%. Minuses: median household income 15% lower than the Minnesota median; a poverty rate of 11.4%.
What is the median age in Lanesboro?
The median age in Lanesboro is 49.4 years (Minnesota: 38.8).
How long is the commute in Lanesboro?
The average commute to work in Lanesboro is 21 minutes; 7.2% of workers work from home.
What is the unemployment rate in Lanesboro?
The unemployment rate in Lanesboro is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lanesboro?
43.1% of adults in Lanesboro 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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