Living in Pequot Lakes, Minnesota
Cost of living, income, home prices, rent and demographics of Pequot Lakes · Census data 2020–2024
Pequot Lakes has 2,079 residents with a median age of 43.2. The median household income is $63,699 (28% lower than the Minnesota median), the median home value is $289,300, the median rent is $847/month.
Pequot Lakes at a glance
- Population
- 2,079
- Median age
- 43.2State: 38.8
- Median household income
- $63,699State: $89,062
- Median home value
- $289,300State: $329,300
- Median rent
- $847/moState: $1,280
- Homeowners
- 65.1%
- Bachelor's degree or higher
- 30%
- Average commute
- 22 min
Is Pequot Lakes a good place to live?
Pros: Home values 12% lower than the state median; an average commute of 22 minutes; a poverty rate of 6.6%.
Cons: Median household income 28% lower than the Minnesota median; unemployment of 10.4%.
The weather is best in June to September.
Cost of living in Pequot Lakes
Housing is the biggest part of the cost of living. In Pequot Lakes the median home value is $289,300, 13% lower than the U.S. median. Renters pay a median of $847 per month, which is 27.6% of household income. Homeowners with a mortgage pay $1,532 a month in housing costs.
Pequot Lakes median household income
The median household income in Pequot Lakes is $63,699 and the income per person is $38,602. 6.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Pequot Lakes: homes for sale and rent
- Housing units
- 1,362
- Owner-occupied
- 65.1%
- Renter-occupied
- 34.9%
- Vacant
- 32.5%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.14
32.5% of homes are vacant most of the year, a sign that Pequot Lakes has many vacation and second homes.
Pequot Lakes demographics
- Population
- 2,079
- Median age
- 43.2
- Under 18
- 23.3%
- 65 and older
- 25%
- Households
- 919
- Foreign-born
- 0.7%
- Veterans
- 11.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Pequot Lakes ›
Education in Pequot Lakes
30% of adults 25 and older in Pequot Lakes have a bachelor's degree or higher (Minnesota: 39.4%), and 8.1% have a graduate or professional degree.
Jobs and commute in Pequot Lakes
- Unemployment rate
- 10.4%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 18.2%
- Drive alone
- 71.8%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 89.8%
Pequot Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Pequot Lakes | 2,079 | $63,699 | $289,300 | $847 |
| Breezy Point | 2,687 | $85,938 | $340,800 | $1,137 |
| Jenkins | 508 | $74,250 | $275,000 | $1,018 |
| Nisswa | 1,954 | $100,000 | $481,200 | $867 |
| Lake Shore | 1,073 | $96,563 | $513,200 | — |
| Merrifield | 121 | $39,572 | $226,800 | — |
| Pine River | 906 | $43,080 | $180,400 | $700 |
| Crosslake | 2,521 | $79,635 | $473,700 | $1,042 |
| Chickamaw Beach | 248 | $110,000 | $298,800 | — |
More for people moving to Pequot Lakes
Pequot Lakes ZIP code ›Weather and climate ›Living in Pequot Lakes: FAQ
What is the median household income in Pequot Lakes, MN?
The median household income in Pequot Lakes is $63,699, 28% 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 Pequot Lakes?
The median home value in Pequot Lakes is $289,300, compared with $329,300 in Minnesota.
How much is rent in Pequot Lakes?
The median gross rent in Pequot Lakes is $847 per month, about 27.6% of household income.
Is Pequot Lakes, MN a good place to live?
Pluses: home values 12% lower than the state median; an average commute of 22 minutes; a poverty rate of 6.6%. Minuses: median household income 28% lower than the Minnesota median; unemployment of 10.4%.
What is the median age in Pequot Lakes?
The median age in Pequot Lakes is 43.2 years (Minnesota: 38.8).
How long is the commute in Pequot Lakes?
The average commute to work in Pequot Lakes is 22 minutes; 18.2% of workers work from home.
What is the unemployment rate in Pequot Lakes?
The unemployment rate in Pequot Lakes is 10.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Pequot Lakes?
30% of adults in Pequot Lakes 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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