Minnesota · Census place 35450
Lanesboro city, MN
Quick answer
Lanesboro city has 804 residents, ranking #399 of 914 places in Minnesota. Median household income is $80,000, the median home is worth $186,900 and median gross rent runs $532 a month.
- Population
- 804Lanesboro city residents
- Median household income
- $80,000Past 12 months, inflation adjusted
- Median home value
- $186,900Owner-occupied units
- Median gross rent
- $532Rent plus utilities, monthly
- Median age
- 47.1 yrsAll residents
- Homeownership rate
- 71.7%Owner-occupied households
What the numbers mean in Lanesboro city
Housing cost measured against local earnings.
A household earning the Lanesboro city median would spend about 8% 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 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.8% of residents and 71.7% 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.
- Kerkhoven city 826
- Hancock city 816
- Loretto city 805
- Landfall city 802
- Watkins city 797
- Battle Lake city 794
- Le Roy city 790
Keep going
More Minnesota coverage.