Lake Benton, MN
Population 698 · Minnesota
About Lake Benton, MN
Lake Benton is a small community in Minnesota with a population of 698 residents. The median household income is $52,000 per year, which is near the national average. The median age in Lake Benton is 45.1 years.
Housing in Lake Benton has a median home value of $91,900 and median monthly rent of $550. Of the 401 total housing units, the majority are owner-occupied, with 260 owner-occupied and 76 renter-occupied units.
The unemployment rate in Lake Benton is 3.3% and the poverty rate is 13.3%. 21.7% of residents hold a bachelor's degree or higher. The average commute time is 26.3 minutes.
How Lake Benton Ranks in Minnesota
Cost of Living in Lake Benton, MN
Compared to national averages, Lake Benton has a median household income of $52,000 (31% below the national median of $75,149). Home values average $91,900, which is 62% below the national median. Monthly rent at $550 is 53% below the US average of $1,163. Within Minnesota, Lake Benton's income is 30% below the state average of $74,221, and home values are 55% below the state median of $204,472.
Why Live in Lake Benton, MN?
Lake Benton offers affordable housing with a median home value of $91,900, below the US average of $244,900, and rent that’s lower than the national average at $550/month, and a strong job market with an unemployment rate of just 3.3%.
Potential considerations include median household income ($52,000) that falls below the national average. However, Lake Benton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Benton has a population of 698 with a median age of 45.1 years. Compare Lake Benton with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Lake Benton
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clarissa | 700 | $45,500 | $104,000 | Compare |
| Bovey | 690 | $67,500 | $103,400 | Compare |
| Warsaw | 690 | $115,313 | $255,000 | Compare |
| Hoffman | 708 | $47,000 | $127,700 | Compare |
| Vineland | 709 | $55,781 | $135,000 | Compare |
| Greenbush | 685 | $58,438 | $131,700 | Compare |
| Marine on St. Croix | 712 | $123,750 | $464,100 | Compare |
| Stockton | 684 | $83,438 | $229,000 | 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 Lake Benton
What is the population of Lake Benton, MN?
The population of Lake Benton, MN is 698 according to the latest Census data.
What is the median household income in Lake Benton?
The median household income in Lake Benton, MN is $52,000 per year.
What is the median home value in Lake Benton?
The median home value in Lake Benton, MN is $91,900.
What is the average rent in Lake Benton?
The median monthly rent in Lake Benton, MN is $550.
What is the unemployment rate in Lake Benton?
The unemployment rate in Lake Benton, MN is 3.3%.