Minnesota · Census place 43198
Minnesota Lake city, MN
Quick answer
Minnesota Lake city has 621 residents, ranking #455 of 914 places in Minnesota. Median household income is $62,875, the median home is worth $126,600 and median gross rent runs $950 a month.
- Population
- 621Minnesota Lake city residents
- Median household income
- $62,875Past 12 months, inflation adjusted
- Median home value
- $126,600Owner-occupied units
- Median gross rent
- $950Rent plus utilities, monthly
- Median age
- 45.5 yrsAll residents
- Homeownership rate
- 75.9%Owner-occupied households
What the numbers mean in Minnesota Lake city
Housing cost measured against local earnings.
A household earning the Minnesota Lake city median would spend about 18.1% 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 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.1% of residents and 75.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Karlstad city 622
- Clear Lake city 621
- La Prairie city 621
- Eagle Bend city 620
- Prinsburg city 615
- Brewster city 605
- Kasota city 602
Keep going
More Minnesota coverage.