What is the population of Madison Lake city?

Madison Lake city has 1,178 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #336 of 914 in Minnesota.

What is the median household income in Madison Lake city?

Median household income in Madison Lake city is $84,833 a year, 8% above the national figure of $78,538.

How much does it cost to rent or buy in Madison Lake city?

Median gross rent is $829 a month and the median home value is $281,300, so rent absorbs about 11.7% of median household income.

Is Madison Lake city affordable compared with the rest of the US?

Homes cost about 3.3× the local median income here versus roughly 3.9× nationally, so Madison Lake city is more affordable to buy in than the typical US market, and rent takes 11.7% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Minnesota · Census place 39320

Madison Lake, MN population, income and ZIP codes

Quick answer

The population of the city of Madison Lake, Minnesota (Madison Lake, MN — Census place “Madison Lake city”) is 1,178 residents, ranking #336 of 914 places in Minnesota. Median household income is $84,833, the median home is worth $281,300 and median gross rent runs $829 a month. Looking for the Madison Lake Minnesota ZIP code list? 1 ZIP codes serve Madison Lake, MN: 56063.

Population: 1,178Madison Lake city residents
Median household income: $84,833Past 12 months, inflation adjusted
Median home value: $281,300Owner-occupied units
Median gross rent: $829Rent plus utilities, monthly
Median age: 39.2 yrsAll residents
Homeownership rate: 68.9%Owner-occupied households

Madison Lake ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Madison Lake.

The Madison Lake MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

56063

What the numbers mean in Madison Lake city

Housing cost measured against local earnings.

A household earning the Madison Lake city median would spend about 11.7% 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 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.7% of residents and 68.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Madison Lake city, MN in context

How this area compares with national benchmarks.

Madison Lake city is a small town in Minnesota, with 1,178 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #336 of 914 ranked by population — larger than 63% of them. The median age here is 39.2 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Madison Lake city earn a median of $84,833 a year, 8% above the national figure of $78,538 and 12% above the $75,469 median for the 361 Minnesota cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 6.7% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Madison Lake city is valued at $281,300, 7.3% below the national figure and 17% above the $240,400 peer median, while median gross rent runs $829 a month, 41% below the national figure, or roughly $9,948 across a full year. A household on the local median income would put about 11.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.3×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 68.9% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Madison Lake city?: Madison Lake city has 1,178 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #336 of 914 in Minnesota.
What is the median household income in Madison Lake city?: Median household income in Madison Lake city is $84,833 a year, 8% above the national figure of $78,538.
How much does it cost to rent or buy in Madison Lake city?: Median gross rent is $829 a month and the median home value is $281,300, so rent absorbs about 11.7% of median household income.
Is Madison Lake city affordable compared with the rest of the US?: Homes cost about 3.3× the local median income here versus roughly 3.9× nationally, so Madison Lake city is more affordable to buy in than the typical US market, and rent takes 11.7% of median income against the 30% cost-burden line.
How current is this Madison Lake city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.