Lakeland, MN
Population 1,510 · Minnesota
About Lakeland, MN
Lakeland is a small community in Minnesota with a population of 1,510 residents. The median household income is $101,339 per year, which is above the national average. The median age in Lakeland is 52.7 years.
Housing in Lakeland has a median home value of $357,700 and median monthly rent of $1,644. Of the 743 total housing units, the majority are owner-occupied, with 604 owner-occupied and 102 renter-occupied units.
The unemployment rate in Lakeland is 4.6% and the poverty rate is 3.8%. 46.2% of residents hold a bachelor's degree or higher. The average commute time is 24.4 minutes.
Cost of Living in Lakeland, MN
Compared to national averages, Lakeland has a median household income of $101,339 (35% above the national median of $75,149). Home values average $357,700, which is 46% above the national median. Monthly rent at $1,644 is 41% above the US average of $1,163. Within Minnesota, Lakeland's income is 37% above the state average of $74,221, and home values are 75% above the state median of $204,472.
Why Live in Lakeland, MN?
Lakeland offers a strong local economy with a median household income of $101,339, well above the national average, and a well-educated community where 46.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.8%, better than the national average. Additionally, the city features short commute times averaging just 24.4 minutes.
Lakeland has a population of 1,510 with a median age of 52.7 years. Compare Lakeland with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Lakeland
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Madison | 1,507 | $56,435 | $104,600 | Compare |
| Red Lake | 1,506 | $55,092 | $136,000 | Compare |
| Clara City | 1,497 | $58,431 | $116,500 | Compare |
| Avon | 1,493 | $90,987 | $240,400 | Compare |
| Minneota | 1,531 | $72,396 | $158,100 | Compare |
| Canby | 1,563 | $58,839 | $131,800 | Compare |
| Dawson | 1,441 | $70,286 | $118,800 | Compare |
| Pierz | 1,581 | $55,438 | $155,700 | 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 Lakeland
What is the population of Lakeland, MN?
The population of Lakeland, MN is 1,510 according to the latest Census data.
What is the median household income in Lakeland?
The median household income in Lakeland, MN is $101,339 per year.
What is the median home value in Lakeland?
The median home value in Lakeland, MN is $357,700.
What is the average rent in Lakeland?
The median monthly rent in Lakeland, MN is $1,644.
What is the unemployment rate in Lakeland?
The unemployment rate in Lakeland, MN is 4.6%.