Independence vs Minnesota Lake
Side-by-side comparison
How does Independence, MN compare to Minnesota Lake, MN? Independence has a population of 3,695 with a median household income of $194,205, while Minnesota Lake has 621 residents and a median income of $62,875. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Independence, MN | Minnesota Lake, MN | Difference |
|---|---|---|---|
| Population | 3,695 | 621 | +495.0% |
| Median Age | 45.9 | 45.5 | +0.9% |
| Foreign Born % | 4.2% | 0% | +420.0% |
| Metric | Independence | Minnesota Lake | Difference |
|---|---|---|---|
| Median Income | $194,205 | $62,875 | +208.9% |
| Unemployment | 0% | 3.9% | -100.0% |
| Poverty Rate | 0.5% | 12.1% | -95.9% |
| Bachelor's+ | 62.9% | 18.7% | +236.4% |
| Metric | Independence | Minnesota Lake | Difference |
|---|---|---|---|
| Home Value | $757,800 | $126,600 | +498.6% |
| Median Rent | $3500/mo | $950/mo | +268.4% |
| Housing Units | 1,360 | 312 | +335.9% |