Lake Lillian, MN
Population 148 · Minnesota
About Lake Lillian, MN
Lake Lillian is a small community located in Minnesota with a population of 148 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,071 per year, which is 12% below the national median of $75,149. The median age of 55.5 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 Lake Lillian features a median home value of $101,000, which is 59% below the national median of $244,900. This makes Lake Lillian one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $765, 34% below the national average of $1,163/month. Of the 94 total housing units, 80% are owner-occupied (61 units) and 20% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Lillian shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Lillian have an average one-way commute time of 30.4 minutes.
Education & Demographics
10.3% of Lake Lillian 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 2.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lake Lillian, MN
Compared to national averages, Lake Lillian has a median household income of $66,071 (12% below the national median of $75,149). Home values average $101,000, which is 59% below the national median. Monthly rent at $765 is 34% below the US average of $1,163. Within Minnesota, Lake Lillian's income is 11% below the state average of $74,221, and home values are 51% below the state median of $204,472.
Why Live in Lake Lillian, MN?
Lake Lillian offers affordable housing with a median home value of $101,000, below the US average of $244,900, and rent that’s lower than the national average at $765/month, and a low poverty rate of 7.8%, better than the national average.
Potential considerations include median household income ($66,071) that falls below the national average. However, Lake Lillian’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Lillian has a population of 148 with a median age of 55.5 years. Compare Lake Lillian with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Lake Lillian
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clements | 148 | $53,438 | $60,000 | Compare |
| Riverton | 148 | $70,000 | $125,000 | Compare |
| Federal Dam | 147 | $48,750 | $141,700 | Compare |
| Blomkest | 146 | $58,875 | $104,200 | Compare |
| Garrison | 151 | $52,656 | $0 | Compare |
| Meadowlands | 151 | $41,528 | $55,000 | Compare |
| Bellingham | 152 | $52,083 | $52,700 | Compare |
| Longville | 152 | $31,000 | $168,800 | 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 Lillian
What is the population of Lake Lillian, MN?
The population of Lake Lillian, MN is 148 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 Lillian?
The median household income in Lake Lillian, MN is $66,071 per year, which is 12% below the national median of $75,149.
What is the median home value in Lake Lillian?
The median home value in Lake Lillian, MN is $101,000, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Lillian?
The median monthly rent in Lake Lillian, MN is $765, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Lake Lillian?
The unemployment rate in Lake Lillian, MN is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Lillian, MN a good place to live?
Lake Lillian offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 148 and a median age of 55.5, the city appeals to established professionals and retirees.
How educated is Lake Lillian, MN?
10.3% of residents in Lake Lillian 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 Lillian?
Key cost-of-living indicators for Lake Lillian, MN: median home value is $101,000 (59% below national), median rent is $765/month, and median household income is $66,071. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Lillian?
The poverty rate in Lake Lillian, MN is 7.8%, 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 Lillian, MN?
Lake Lillian's population is 2.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.