Fifty Lakes, MN
Population 463 · Minnesota
About Fifty Lakes, MN
Fifty Lakes is a small community located in Minnesota with a population of 463 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,773 per year, which is 6% above the national median of $75,149. The median age of 65.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fifty Lakes features a median home value of $401,000, which is 64% above the national median of $244,900. This places Fifty Lakes in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 612 total housing units, 94% are owner-occupied (217 units) and 6% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fifty Lakes shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fifty Lakes have an average one-way commute time of 22.9 minutes.
Education & Demographics
37.4% of Fifty Lakes 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 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Fifty Lakes, MN
Compared to national averages, Fifty Lakes has a median household income of $79,773 (6% above the national median of $75,149). Home values average $401,000, which is 64% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Fifty Lakes's income is 7% above the state average of $74,221, and home values are 96% above the state median of $204,472.
Why Live in Fifty Lakes, MN?
Fifty Lakes offers a strong local economy with a median household income of $79,773, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a well-educated community where 37.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.6%, better than the national average, and short commute times averaging just 22.9 minutes.
Potential considerations include a competitive housing market where the typical home costs $401,000. However, Fifty Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fifty Lakes has a population of 463 with a median age of 65.1 years. Compare Fifty Lakes with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Fifty Lakes
Cities in Minnesota with a similar population size.
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 Fifty Lakes With Other Cities
Frequently Asked Questions about Fifty Lakes
What is the population of Fifty Lakes, MN?
The population of Fifty Lakes, MN is 463 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Fifty Lakes?
The median household income in Fifty Lakes, MN is $79,773 per year, which is 6% above the national median of $75,149.
What is the median home value in Fifty Lakes?
The median home value in Fifty Lakes, MN is $401,000, which is 64% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fifty Lakes?
The median monthly rent in Fifty Lakes, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fifty Lakes?
The unemployment rate in Fifty Lakes, MN is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fifty Lakes, MN a good place to live?
Fifty Lakes offers above-average incomes, a competitive housing market, and a strong job market. With a population of 463 and a median age of 65.1, the city appeals to established professionals and retirees.
How educated is Fifty Lakes, MN?
37.4% of residents in Fifty Lakes 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 Fifty Lakes?
Key cost-of-living indicators for Fifty Lakes, MN: median home value is $401,000 (64% above national), median rent is $0/month, and median household income is $79,773. The home-value-to-income ratio is 5.0x, a moderate figure by national standards.
What is the poverty rate in Fifty Lakes?
The poverty rate in Fifty Lakes, MN is 8.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fifty Lakes, MN?
Fifty Lakes's population is 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.