Skip to content
ZipNumbers

Minnesota · Census place 34100

Lake Benton city, MN

Quick answer

Lake Benton city has 698 residents, ranking #427 of 914 places in Minnesota. Median household income is $52,000, the median home is worth $91,900 and median gross rent runs $550 a month.

Population
698Lake Benton city residents
Median household income
$52,000Past 12 months, inflation adjusted
Median home value
$91,900Owner-occupied units
Median gross rent
$550Rent plus utilities, monthly
Median age
45.1 yrsAll residents
Homeownership rate
77.4%Owner-occupied households

What the numbers mean in Lake Benton city

Housing cost measured against local earnings.

A household earning the Lake Benton city median would spend about 12.7% 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 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.3% of residents and 77.4% 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.

More Minnesota coverage.