Lake Henry, MN
Population 80 · Minnesota
About Lake Henry, MN
Lake Henry is a small community located in Minnesota with a population of 80 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,036 per year, which is 37% above the national median of $75,149. The median age of 35 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 Lake Henry features a median home value of $123,800, which is 49% below the national median of $244,900. This makes Lake Henry one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 41 total housing units, 90% are owner-occupied (35 units) and 10% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Henry shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Henry have an average one-way commute time of 13.2 minutes, one of the shorter commutes in the region.
Education & Demographics
4.7% of Lake Henry residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lake Henry, MN
Compared to national averages, Lake Henry has a median household income of $103,036 (37% above the national median of $75,149). Home values average $123,800, which is 49% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Lake Henry's income is 39% above the state average of $74,221, and home values are 39% below the state median of $204,472.
Why Live in Lake Henry, MN?
Lake Henry offers a strong local economy with a median household income of $103,036, well above the national average, and affordable housing with a median home value of $123,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 1.7%, and a low poverty rate of 1.4%, better than the national average, and short commute times averaging just 13.2 minutes.
Lake Henry has a population of 80 with a median age of 35 years. Compare Lake Henry 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 Henry
What is the population of Lake Henry, MN?
The population of Lake Henry, MN is 80 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 Lake Henry?
The median household income in Lake Henry, MN is $103,036 per year, which is 37% above the national median of $75,149.
What is the median home value in Lake Henry?
The median home value in Lake Henry, MN is $123,800, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Henry?
The median monthly rent in Lake Henry, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Henry?
The unemployment rate in Lake Henry, MN is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Henry, MN a good place to live?
Lake Henry offers above-average incomes, affordable housing, and a strong job market. With a population of 80 and a median age of 35, the city appeals to a broad range of residents.
How educated is Lake Henry, MN?
4.7% of residents in Lake Henry aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Henry?
Key cost-of-living indicators for Lake Henry, MN: median home value is $123,800 (49% below national), median rent is $0/month, and median household income is $103,036. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Henry?
The poverty rate in Lake Henry, MN is 1.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Henry, MN?
Lake Henry's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.