Minnesota · Census place 23318
Gem Lake city, MN
Quick answer
Gem Lake city has 521 residents, ranking #493 of 914 places in Minnesota. Median household income is $146,250, the median home is worth $536,600 and median gross rent runs $1,750 a month.
- Population
- 521Gem Lake city residents
- Median household income
- $146,250Past 12 months, inflation adjusted
- Median home value
- $536,600Owner-occupied units
- Median gross rent
- $1,750Rent plus utilities, monthly
- Median age
- 41.2 yrsAll residents
- Homeownership rate
- 90.4%Owner-occupied households
What the numbers mean in Gem Lake city
Housing cost measured against local earnings.
A household earning the Gem Lake city median would spend about 14.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.3% of residents and 90.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Sturgeon Lake city 526
- Stephen city 524
- Sacred Heart city 522
- Franklin city 513
- Hampton city 510
- Pennock city 510
- Woodland city 505
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