Eagle Lake, MN
Population 3,268 · Minnesota
About Eagle Lake, MN
Eagle Lake is a small town located in Minnesota with a population of 3,268 residents according to the latest US Census Bureau American Community Survey data. The median household income is $97,161 per year, which is 29% above the national median of $75,149. The median age of 31.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Eagle Lake features a median home value of $249,600, which is 2% above the national median of $244,900. This positions Eagle Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $1,405, 21% above the national average of $1,163/month. Of the 1,208 total housing units, 66% are owner-occupied (775 units) and 34% are renter-occupied (398 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Eagle Lake shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Eagle Lake have an average one-way commute time of 18.1 minutes, one of the shorter commutes in the region.
Education & Demographics
38.0% of Eagle Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.8% White, 1.9% Hispanic or Latino, 0.0% Black or African American, and 2.8% Asian residents, with 3.0% of the population being foreign-born.
Cost of Living in Eagle Lake, MN
Compared to national averages, Eagle Lake has a median household income of $97,161 (29% above the national median of $75,149). Home values average $249,600, which is 2% above the national median. Monthly rent at $1,405 is 21% above the US average of $1,163. Within Minnesota, Eagle Lake's income is 31% above the state average of $74,221, and home values are 22% above the state median of $204,472.
Why Live in Eagle Lake, MN?
Eagle Lake offers a strong local economy with a median household income of $97,161, well above the national average, and a well-educated community where 38.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.9%, better than the national average. Additionally, the city features short commute times averaging just 18.1 minutes.
Eagle Lake has a population of 3,268 with a median age of 31.8 years. Compare Eagle Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Eagle Lake
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rush City | 3,262 | $58,543 | $199,000 | Compare |
| Ely | 3,239 | $46,042 | $150,800 | Compare |
| Moose Lake | 3,297 | $61,576 | $205,000 | Compare |
| Jackson | 3,298 | $57,328 | $118,900 | Compare |
| Pine City | 3,339 | $51,654 | $181,800 | Compare |
| Annandale | 3,365 | $50,536 | $195,100 | Compare |
| Blue Earth | 3,170 | $59,118 | $125,200 | Compare |
| Montgomery | 3,366 | $74,018 | $218,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Eagle Lake With Other Cities
Frequently Asked Questions about Eagle Lake
What is the population of Eagle Lake, MN?
The population of Eagle Lake, MN is 3,268 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Eagle Lake?
The median household income in Eagle Lake, MN is $97,161 per year, which is 29% above the national median of $75,149.
What is the median home value in Eagle Lake?
The median home value in Eagle Lake, MN is $249,600, which is 2% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Eagle Lake?
The median monthly rent in Eagle Lake, MN is $1,405, which is 21% above the national average of $1,163/month.
What is the unemployment rate in Eagle Lake?
The unemployment rate in Eagle Lake, MN is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Eagle Lake, MN a good place to live?
Eagle Lake offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,268 and a median age of 31.8, the city appeals to young professionals and families.
How educated is Eagle Lake, MN?
38.0% of residents in Eagle Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Eagle Lake?
Key cost-of-living indicators for Eagle Lake, MN: median home value is $249,600 (2% above national), median rent is $1,405/month, and median household income is $97,161. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Eagle Lake?
The poverty rate in Eagle Lake, MN is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Eagle Lake, MN?
Eagle Lake's population is 3.8% White, 1.9% Hispanic or Latino, 0.0% Black or African American, 2.8% Asian, and 0.6% two or more races. 3.0% of residents are foreign-born.