Gem Lake, MN
Population 521 · Minnesota
About Gem Lake, MN
Gem Lake is a small community in Minnesota with a population of 521 residents. The median household income is $146,250 per year, which is above the national average. The median age in Gem Lake is 41.2 years.
Housing in Gem Lake has a median home value of $536,600 and median monthly rent of $1,750. Of the 186 total housing units, the majority are owner-occupied, with 160 owner-occupied and 17 renter-occupied units.
The unemployment rate in Gem Lake is 0.4% and the poverty rate is 2.3%. 52.6% of residents hold a bachelor's degree or higher. The average commute time is 21.3 minutes.
How Gem Lake Ranks in Minnesota
Cost of Living in Gem Lake, MN
Compared to national averages, Gem Lake has a median household income of $146,250 (95% above the national median of $75,149). Home values average $536,600, which is 119% above the national median. Monthly rent at $1,750 is 50% above the US average of $1,163. Within Minnesota, Gem Lake's income is 97% above the state average of $74,221, and home values are 162% above the state median of $204,472.
Why Live in Gem Lake, MN?
Gem Lake offers a strong local economy with a median household income of $146,250, well above the national average, and a strong job market with an unemployment rate of just 0.4%, and a well-educated community where 52.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.3%, better than the national average, and short commute times averaging just 21.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $536,600. However, Gem Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gem Lake has a population of 521 with a median age of 41.2 years. Compare Gem Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Gem Lake
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sacred Heart | 522 | $63,125 | $57,600 | Compare |
| Stephen | 524 | $63,750 | $83,800 | Compare |
| Sturgeon Lake | 526 | $77,500 | $190,600 | Compare |
| Cosmos | 529 | $50,833 | $95,000 | Compare |
| Franklin | 513 | $54,904 | $84,800 | Compare |
| Brownton | 530 | $77,159 | $148,500 | Compare |
| Hampton | 510 | $106,111 | $305,700 | Compare |
| Pennock | 510 | $68,846 | $140,500 | 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.
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Frequently Asked Questions about Gem Lake
What is the population of Gem Lake, MN?
The population of Gem Lake, MN is 521 according to the latest Census data.
What is the median household income in Gem Lake?
The median household income in Gem Lake, MN is $146,250 per year.
What is the median home value in Gem Lake?
The median home value in Gem Lake, MN is $536,600.
What is the average rent in Gem Lake?
The median monthly rent in Gem Lake, MN is $1,750.
What is the unemployment rate in Gem Lake?
The unemployment rate in Gem Lake, MN is 0.4%.