Madison Lake vs Shafer
Side-by-side comparison
How does Madison Lake, MN compare to Shafer, MN? Madison Lake has a population of 1,178 with a median household income of $84,833, while Shafer has 1,151 residents and a median income of $96,042. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Madison Lake, MN | Shafer, MN | Difference |
|---|---|---|---|
| Population | 1,178 | 1,151 | +2.3% |
| Median Age | 39.2 | 35.5 | +10.4% |
| Foreign Born % | 0.3% | 1.7% | -82.4% |
| Metric | Madison Lake | Shafer | Difference |
|---|---|---|---|
| Median Income | $84,833 | $96,042 | -11.7% |
| Unemployment | 3.9% | 3.5% | +11.4% |
| Poverty Rate | 6.7% | 7.1% | -5.6% |
| Bachelor's+ | 36.9% | 16% | +130.6% |
| Metric | Madison Lake | Shafer | Difference |
|---|---|---|---|
| Home Value | $281,300 | $225,700 | +24.6% |
| Median Rent | $829/mo | $954/mo | -13.1% |
| Housing Units | 669 | 435 | +53.8% |