Living in Minnesota Lake, Minnesota
Cost of living, income, home prices, rent and demographics of Minnesota Lake · Census data 2020–2024
Minnesota Lake has 687 residents with a median age of 41.2. The median household income is $68,750 (23% lower than the Minnesota median), the median home value is $158,100, the median rent is $1,015/month.
Minnesota Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Minnesota Lake at a glance
- Population
- 687
- Median age
- 41.2State: 38.8
- Median household income
- $68,750State: $89,062
- Median home value
- $158,100State: $329,300
- Median rent
- $1,015/moState: $1,280
- Homeowners
- 76.9%
- Bachelor's degree or higher
- 21.2%
- Average commute
- 31 min
Is Minnesota Lake a good place to live?
Pros: Home values 52% lower than the state median; unemployment of 2.7%; a poverty rate of 7%.
Cons: Median household income 23% lower than the Minnesota median; an average commute of 31 minutes.
The weather is best in June to September.
Cost of living in Minnesota Lake
Housing is the biggest part of the cost of living. In Minnesota Lake the median home value is $158,100, 52% lower than the U.S. median. Renters pay a median of $1,015 per month, which is 19.3% of household income. Homeowners with a mortgage pay $1,382 a month in housing costs.
Minnesota Lake median household income
The median household income in Minnesota Lake is $68,750 and the income per person is $38,130. 7% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Minnesota Lake: homes for sale and rent
- Housing units
- 315
- Owner-occupied
- 76.9%
- Renter-occupied
- 23.1%
- Vacant
- 2.2%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.23
Minnesota Lake demographics
- Population
- 687
- Median age
- 41.2
- Under 18
- 22.1%
- 65 and older
- 18.8%
- Households
- 308
- Foreign-born
- 0%
- Veterans
- 11.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Minnesota Lake ›
Education in Minnesota Lake
21.2% of adults 25 and older in Minnesota Lake have a bachelor's degree or higher (Minnesota: 39.4%), and 3.8% have a graduate or professional degree.
Jobs and commute in Minnesota Lake
- Unemployment rate
- 2.7%State: 4.1%
- Average commute
- 31 minState: 23 min
- Work from home
- 8.7%
- Drive alone
- 77.4%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 93.5%
Minnesota Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Minnesota Lake | 687 | $68,750 | $158,100 | $1,015 |
| Easton | 178 | $76,250 | $98,500 | $1,125 |
| Wells | 2,296 | $60,156 | $103,900 | $694 |
| Mapleton | 1,728 | $80,909 | $181,900 | $782 |
| Waldorf | 171 | $48,000 | $133,000 | — |
| Delavan | 160 | $63,125 | $57,700 | — |
| Pemberton | 223 | $50,417 | $170,800 | $1,714 |
| Freeborn | 348 | $50,000 | $88,800 | $642 |
| Good Thunder | 456 | $81,667 | $178,700 | — |
More for people moving to Minnesota Lake
Minnesota Lake ZIP code ›Weather and climate ›Living in Minnesota Lake: FAQ
What is the median household income in Minnesota Lake, MN?
The median household income in Minnesota Lake is $68,750, 23% 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 Minnesota Lake?
The median home value in Minnesota Lake is $158,100, compared with $329,300 in Minnesota.
How much is rent in Minnesota Lake?
The median gross rent in Minnesota Lake is $1,015 per month, about 19.3% of household income.
Is Minnesota Lake, MN a good place to live?
Pluses: home values 52% lower than the state median; unemployment of 2.7%; a poverty rate of 7%. Minuses: median household income 23% lower than the Minnesota median; an average commute of 31 minutes.
What is the median age in Minnesota Lake?
The median age in Minnesota Lake is 41.2 years (Minnesota: 38.8).
How long is the commute in Minnesota Lake?
The average commute to work in Minnesota Lake is 31 minutes; 8.7% of workers work from home.
What is the unemployment rate in Minnesota Lake?
The unemployment rate in Minnesota Lake is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Minnesota Lake?
21.2% of adults in Minnesota 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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