Minnesota · Census place 34928
Lake Shore city, MN
Quick answer
Lake Shore city has 1,117 residents, ranking #347 of 914 places in Minnesota. Median household income is $96,923, the median home is worth $532,500 and median gross rent runs $982 a month.
- Population
- 1,117Lake Shore city residents
- Median household income
- $96,923Past 12 months, inflation adjusted
- Median home value
- $532,500Owner-occupied units
- Median gross rent
- $982Rent plus utilities, monthly
- Median age
- 55.1 yrsAll residents
- Homeownership rate
- 90.7%Owner-occupied households
What the numbers mean in Lake Shore city
Housing cost measured against local earnings.
A household earning the Lake Shore city median would spend about 12.2% 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 5.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.5% of residents and 90.7% 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.
- Fairfax city 1,134
- Cottonwood city 1,120
- Baudette city 1,117
- Mahnomen city 1,116
- Hector city 1,111
- Lake St. Croix Beach city 1,106
- Royalton city 1,092
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