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ZipNumbers

Minnesota · Census place 41462

Medicine Lake city, MN

Quick answer

Medicine Lake city has 541 residents, ranking #485 of 914 places in Minnesota. Median household income is $161,250, the median home is worth $1,014,500 and median gross rent runs $1,025 a month.

Population
541Medicine Lake city residents
Median household income
$161,250Past 12 months, inflation adjusted
Median home value
$1,014,500Owner-occupied units
Median gross rent
$1,025Rent plus utilities, monthly
Median age
44.9 yrsAll residents
Homeownership rate
84.2%Owner-occupied households

What the numbers mean in Medicine Lake city

Housing cost measured against local earnings.

A household earning the Medicine Lake city median would spend about 7.6% 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 6.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.6% of residents and 84.2% of households own their home.

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

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