Living in Wolf Lake, Minnesota
Cost of living, income, home prices, rent and demographics of Wolf Lake · Census data 2020–2024
Wolf Lake has 73 residents with a median age of 23.2. The median household income is $65,833 (26% lower than the Minnesota median), the median home value is $137,500, the median rent is $950/month.
Wolf Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wolf Lake at a glance
- Population
- 73
- Median age
- 23.2State: 38.8
- Median household income
- $65,833State: $89,062
- Median home value
- $137,500State: $329,300
- Median rent
- $950/moState: $1,280
- Homeowners
- 53.6%
- Bachelor's degree or higher
- 30.8%
- Average commute
- 22 min
Is Wolf Lake a good place to live?
Pros: Home values 58% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 26% lower than the Minnesota median; a poverty rate of 14.1%.
The weather is best in June to September.
Cost of living in Wolf Lake
Housing is the biggest part of the cost of living. In Wolf Lake the median home value is $137,500, 59% lower than the U.S. median. Renters pay a median of $950 per month, which is 20.5% of household income. Homeowners with a mortgage pay $1,500 a month in housing costs.
Wolf Lake median household income
The median household income in Wolf Lake is $65,833 and the income per person is $27,867. 14.1% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Wolf Lake: homes for sale and rent
- Housing units
- 35
- Owner-occupied
- 53.6%
- Renter-occupied
- 46.4%
- Vacant
- 20%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.61
Wolf Lake demographics
- Population
- 73
- Median age
- 23.2
- Under 18
- 21.9%
- 65 and older
- 6.8%
- Households
- 28
- Foreign-born
- 2.7%
- Veterans
- 19.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Wolf Lake ›
Education in Wolf Lake
30.8% of adults 25 and older in Wolf Lake have a bachelor's degree or higher (Minnesota: 39.4%), and 0% have a graduate or professional degree.
Jobs and commute in Wolf Lake
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 11.4%
- Drive alone
- 81.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Wolf Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wolf Lake | 73 | $65,833 | $137,500 | $950 |
| Osage | 290 | $48,333 | $330,300 | $725 |
| Pine Point | 241 | $40,000 | $85,700 | $544 |
| Menahga | 1,343 | $58,036 | $155,500 | $734 |
| Park Rapids | 4,270 | $44,747 | $227,500 | $825 |
| Sebeka | 725 | $39,000 | $84,300 | $688 |
| Frazee | 1,647 | $47,016 | $172,000 | $902 |
| Perham | 3,627 | $49,716 | $199,000 | $855 |
| New York Mills | 1,371 | $56,875 | $166,300 | $727 |
More for people moving to Wolf Lake
Wolf Lake ZIP code ›Weather and climate ›Living in Wolf Lake: FAQ
What is the median household income in Wolf Lake, MN?
The median household income in Wolf Lake is $65,833, 26% 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 Wolf Lake?
The median home value in Wolf Lake is $137,500, compared with $329,300 in Minnesota.
How much is rent in Wolf Lake?
The median gross rent in Wolf Lake is $950 per month, about 20.5% of household income.
Is Wolf Lake, MN a good place to live?
Pluses: home values 58% lower than the state median; an average commute of 22 minutes. Minuses: median household income 26% lower than the Minnesota median; a poverty rate of 14.1%.
What is the median age in Wolf Lake?
The median age in Wolf Lake is 23.2 years (Minnesota: 38.8).
How long is the commute in Wolf Lake?
The average commute to work in Wolf Lake is 22 minutes; 11.4% of workers work from home.
What is the unemployment rate in Wolf Lake?
The unemployment rate in Wolf Lake is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wolf Lake?
30.8% of adults in Wolf 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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