Lake Wilson, MN
Population 227 · Minnesota
About Lake Wilson, MN
Lake Wilson is a small community located in Minnesota with a population of 227 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,375 per year, which is 21% below the national median of $75,149. The median age of 57.6 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 Wilson features a median home value of $92,800, which is 62% below the national median of $244,900. This makes Lake Wilson one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $750, 36% below the national average of $1,163/month. Of the 140 total housing units, 94% are owner-occupied (113 units) and 6% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Wilson shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.2%, above the national average of 12.4%. Workers in Lake Wilson have an average one-way commute time of 18.9 minutes, one of the shorter commutes in the region.
Education & Demographics
11.2% of Lake Wilson 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 2.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Lake Wilson, MN
Compared to national averages, Lake Wilson has a median household income of $59,375 (21% below the national median of $75,149). Home values average $92,800, which is 62% below the national median. Monthly rent at $750 is 36% below the US average of $1,163. Within Minnesota, Lake Wilson's income is 20% below the state average of $74,221, and home values are 55% below the state median of $204,472.
Why Live in Lake Wilson, MN?
Lake Wilson offers affordable housing with a median home value of $92,800, below the US average of $244,900, and rent that’s lower than the national average at $750/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($59,375) that falls below the national average. However, Lake Wilson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Wilson has a population of 227 with a median age of 57.6 years. Compare Lake Wilson 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 Wilson
What is the population of Lake Wilson, MN?
The population of Lake Wilson, MN is 227 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 Wilson?
The median household income in Lake Wilson, MN is $59,375 per year, which is 21% below the national median of $75,149.
What is the median home value in Lake Wilson?
The median home value in Lake Wilson, MN is $92,800, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Wilson?
The median monthly rent in Lake Wilson, MN is $750, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Lake Wilson?
The unemployment rate in Lake Wilson, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Wilson, MN a good place to live?
Lake Wilson offers a moderate cost of living, affordable housing, and a strong job market. With a population of 227 and a median age of 57.6, the city appeals to established professionals and retirees.
How educated is Lake Wilson, MN?
11.2% of residents in Lake Wilson 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 Wilson?
Key cost-of-living indicators for Lake Wilson, MN: median home value is $92,800 (62% below national), median rent is $750/month, and median household income is $59,375. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Wilson?
The poverty rate in Lake Wilson, MN is 13.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake Wilson, MN?
Lake Wilson's population is 2.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.2% of residents are foreign-born.