Minnesota · Census place 34622
Lakeland city, MN
Quick answer
Lakeland city has 1,510 residents, ranking #299 of 914 places in Minnesota. Median household income is $101,339, the median home is worth $357,700 and median gross rent runs $1,644 a month.
- Population
- 1,510Lakeland city residents
- Median household income
- $101,339Past 12 months, inflation adjusted
- Median home value
- $357,700Owner-occupied units
- Median gross rent
- $1,644Rent plus utilities, monthly
- Median age
- 52.7 yrsAll residents
- Homeownership rate
- 85.6%Owner-occupied households
What the numbers mean in Lakeland city
Housing cost measured against local earnings.
A household earning the Lakeland city median would spend about 19.5% 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 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.8% of residents and 85.6% 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.
- Pierz city 1,581
- Canby city 1,563
- Minneota city 1,531
- Madison city 1,507
- Red Lake CDP 1,506
- Clara City city 1,497
- Avon city 1,493
Keep going
More Minnesota coverage.