Lake Shore, MN
Population 1,117 · Minnesota
About Lake Shore, MN
Lake Shore is a small community in Minnesota with a population of 1,117 residents. The median household income is $96,923 per year, which is above the national average. The median age in Lake Shore is 55.1 years.
Housing in Lake Shore has a median home value of $532,500 and median monthly rent of $982. Of the 1,060 total housing units, the majority are owner-occupied, with 446 owner-occupied and 46 renter-occupied units.
The unemployment rate in Lake Shore is 1.1% and the poverty rate is 6.5%. 39.6% of residents hold a bachelor's degree or higher. The average commute time is 21.8 minutes.
Cost of Living in Lake Shore, MN
Compared to national averages, Lake Shore has a median household income of $96,923 (29% above the national median of $75,149). Home values average $532,500, which is 117% above the national median. Monthly rent at $982 is 16% below the US average of $1,163. Within Minnesota, Lake Shore's income is 31% above the state average of $74,221, and home values are 160% above the state median of $204,472.
Why Live in Lake Shore, MN?
Lake Shore offers a strong local economy with a median household income of $96,923, well above the national average, and rent that’s lower than the national average at $982/month, and a strong job market with an unemployment rate of just 1.1%. Additionally, the city features a well-educated community where 39.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.5%, better than the national average, and short commute times averaging just 21.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $532,500. However, Lake Shore’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Shore has a population of 1,117 with a median age of 55.1 years. Compare Lake Shore with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Lake Shore
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Baudette | 1,117 | $71,042 | $171,000 | Compare |
| Cottonwood | 1,120 | $90,750 | $180,200 | Compare |
| Hector | 1,111 | $59,762 | $124,100 | Compare |
| Lake St. Croix Beach | 1,106 | $100,134 | $334,600 | Compare |
| Fairfax | 1,134 | $53,750 | $99,800 | Compare |
| Royalton | 1,092 | $64,643 | $201,500 | Compare |
| Dellwood | 1,145 | $208,125 | $729,800 | Compare |
| Harmony | 1,089 | $65,536 | $154,800 | 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 Shore
What is the population of Lake Shore, MN?
The population of Lake Shore, MN is 1,117 according to the latest Census data.
What is the median household income in Lake Shore?
The median household income in Lake Shore, MN is $96,923 per year.
What is the median home value in Lake Shore?
The median home value in Lake Shore, MN is $532,500.
What is the average rent in Lake Shore?
The median monthly rent in Lake Shore, MN is $982.
What is the unemployment rate in Lake Shore?
The unemployment rate in Lake Shore, MN is 1.1%.