Lakeland Shores, MN
Population 371 · Minnesota
About Lakeland Shores, MN
Lakeland Shores is a small community located in Minnesota with a population of 371 residents according to the latest US Census Bureau American Community Survey data. The median household income is $136,875 per year, which is 82% above the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lakeland Shores features a median home value of $445,700, which is 82% above the national median of $244,900. This places Lakeland Shores in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 126 total housing units, 94% are owner-occupied (117 units) and 6% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakeland Shores 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 1.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakeland Shores have an average one-way commute time of 24 minutes.
Education & Demographics
41.2% of Lakeland Shores residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.8% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 1.9% of the population being foreign-born.
How Lakeland Shores Ranks in Minnesota
Cost of Living in Lakeland Shores, MN
Compared to national averages, Lakeland Shores has a median household income of $136,875 (82% above the national median of $75,149). Home values average $445,700, which is 82% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Lakeland Shores's income is 84% above the state average of $74,221, and home values are 118% above the state median of $204,472.
Why Live in Lakeland Shores, MN?
Lakeland Shores offers a strong local economy with a median household income of $136,875, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 41.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.6%, better than the national average, and short commute times averaging just 24 minutes.
Potential considerations include a competitive housing market where the typical home costs $445,700. However, Lakeland Shores’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakeland Shores has a population of 371 with a median age of 38.5 years. Compare Lakeland Shores with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Lakeland Shores
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Audubon | 376 | $65,982 | $169,200 | Compare |
| Mahtowa | 365 | $85,000 | $242,400 | Compare |
| Cromwell | 379 | $55,625 | $150,000 | Compare |
| Plummer | 379 | $91,500 | $156,300 | Compare |
| Hollandale | 380 | $67,000 | $141,200 | Compare |
| Hitterdal | 361 | $49,792 | $112,500 | Compare |
| Dexter | 359 | $87,083 | $173,300 | Compare |
| Round Lake | 383 | $63,661 | $87,800 | 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.
Compare Lakeland Shores With Other Cities
Frequently Asked Questions about Lakeland Shores
What is the population of Lakeland Shores, MN?
The population of Lakeland Shores, MN is 371 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 Lakeland Shores?
The median household income in Lakeland Shores, MN is $136,875 per year, which is 82% above the national median of $75,149.
What is the median home value in Lakeland Shores?
The median home value in Lakeland Shores, MN is $445,700, which is 82% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakeland Shores?
The median monthly rent in Lakeland Shores, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lakeland Shores?
The unemployment rate in Lakeland Shores, 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 Lakeland Shores, MN a good place to live?
Lakeland Shores offers above-average incomes, a competitive housing market, and a strong job market. With a population of 371 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Lakeland Shores, MN?
41.2% of residents in Lakeland Shores aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lakeland Shores?
Key cost-of-living indicators for Lakeland Shores, MN: median home value is $445,700 (82% above national), median rent is $0/month, and median household income is $136,875. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakeland Shores?
The poverty rate in Lakeland Shores, MN is 1.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakeland Shores, MN?
Lakeland Shores's population is 0.8% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.0% two or more races. 1.9% of residents are foreign-born.