Lake George, MN
Population 245 · Minnesota
About Lake George, MN
Lake George is a small community in Minnesota with a population of 245 residents. The median household income is $68,500 per year, which is near the national average. The median age in Lake George is 51.8 years.
Housing in Lake George has a median home value of $222,500 and median monthly rent of $1,025. Of the 180 total housing units, the majority are owner-occupied, with 79 owner-occupied and 9 renter-occupied units.
The unemployment rate in Lake George is 15.5% and the poverty rate is 7.8%. 25.4% of residents hold a bachelor's degree or higher. The average commute time is 26.8 minutes.
Cost of Living in Lake George, MN
Compared to national averages, Lake George has a median household income of $68,500 (9% below the national median of $75,149). Home values average $222,500, which is 9% below the national median. Monthly rent at $1,025 is 12% below the US average of $1,163. Within Minnesota, Lake George's income is 8% below the state average of $74,221, and home values are 9% above the state median of $204,472.
Why Live in Lake George, MN?
Lake George offers affordable housing with a median home value of $222,500, below the US average of $244,900, and rent that’s lower than the national average at $1,025/month, and a low poverty rate of 7.8%, better than the national average.
Potential considerations include median household income ($68,500) that falls below the national average. However, Lake George’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake George has a population of 245 with a median age of 51.8 years. Compare Lake George with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake George
What is the population of Lake George, MN?
The population of Lake George, MN is 245 according to the latest Census data.
What is the median household income in Lake George?
The median household income in Lake George, MN is $68,500 per year.
What is the median home value in Lake George?
The median home value in Lake George, MN is $222,500.
What is the average rent in Lake George?
The median monthly rent in Lake George, MN is $1,025.
What is the unemployment rate in Lake George?
The unemployment rate in Lake George, MN is 15.5%.