Minnesota · Census place 50416
Pequot Lakes city, MN
Quick answer
Pequot Lakes city has 2,236 residents, ranking #247 of 914 places in Minnesota. Median household income is $66,974, the median home is worth $246,400 and median gross rent runs $792 a month.
- Population
- 2,236Pequot Lakes city residents
- Median household income
- $66,974Past 12 months, inflation adjusted
- Median home value
- $246,400Owner-occupied units
- Median gross rent
- $792Rent plus utilities, monthly
- Median age
- 43 yrsAll residents
- Homeownership rate
- 66.8%Owner-occupied households
What the numbers mean in Pequot Lakes city
Housing cost measured against local earnings.
A household earning the Pequot Lakes city median would spend about 14.2% 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 3.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.5% of residents and 66.8% 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.
- Arlington city 2,298
- Crosby city 2,253
- Olivia city 2,243
- Aitkin city 2,217
- Springfield city 2,209
- Cologne city 2,146
- Maple Lake city 2,104
Keep going
More Minnesota coverage.