Shafer vs Madison Lake
Side-by-side comparison
How does Shafer, MN compare to Madison Lake, MN? Shafer has a population of 1,151 with a median household income of $96,042, while Madison Lake has 1,178 residents and a median income of $84,833. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Shafer, MN | Madison Lake, MN | Difference |
|---|---|---|---|
| Population | 1,151 | 1,178 | -2.3% |
| Median Age | 35.5 | 39.2 | -9.4% |
| Foreign Born % | 1.7% | 0.3% | +140.0% |
| Metric | Shafer | Madison Lake | Difference |
|---|---|---|---|
| Median Income | $96,042 | $84,833 | +13.2% |
| Unemployment | 3.5% | 3.9% | -10.3% |
| Poverty Rate | 7.1% | 6.7% | +6.0% |
| Bachelor's+ | 16% | 36.9% | -56.6% |
| Metric | Shafer | Madison Lake | Difference |
|---|---|---|---|
| Home Value | $225,700 | $281,300 | -19.8% |
| Median Rent | $954/mo | $829/mo | +15.1% |
| Housing Units | 435 | 669 | -35.0% |