Lanesboro, MN
Population 804 · Minnesota
About Lanesboro, MN
Lanesboro is a small community in Minnesota with a population of 804 residents. The median household income is $80,000 per year, which is above the national average. The median age in Lanesboro is 47.1 years.
Housing in Lanesboro has a median home value of $186,900 and median monthly rent of $532. Of the 467 total housing units, the majority are owner-occupied, with 264 owner-occupied and 104 renter-occupied units.
The unemployment rate in Lanesboro is 1.5% and the poverty rate is 8.8%. 43.2% of residents hold a bachelor's degree or higher. The average commute time is 21.8 minutes.
How Lanesboro Ranks in Minnesota
Cost of Living in Lanesboro, MN
Compared to national averages, Lanesboro has a median household income of $80,000 (6% above the national median of $75,149). Home values average $186,900, which is 24% below the national median. Monthly rent at $532 is 54% below the US average of $1,163. Within Minnesota, Lanesboro's income is 8% above the state average of $74,221, and home values are 9% below the state median of $204,472.
Why Live in Lanesboro, MN?
Lanesboro offers a strong local economy with a median household income of $80,000, well above the national average, and affordable housing with a median home value of $186,900, below the US average of $244,900, and rent that’s lower than the national average at $532/month. Additionally, the city features a strong job market with an unemployment rate of just 1.5%, and a well-educated community where 43.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.8%, better than the national average, and short commute times averaging just 21.8 minutes.
Lanesboro has a population of 804 with a median age of 47.1 years. Compare Lanesboro 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 Lanesboro
What is the population of Lanesboro, MN?
The population of Lanesboro, MN is 804 according to the latest Census data.
What is the median household income in Lanesboro?
The median household income in Lanesboro, MN is $80,000 per year.
What is the median home value in Lanesboro?
The median home value in Lanesboro, MN is $186,900.
What is the average rent in Lanesboro?
The median monthly rent in Lanesboro, MN is $532.
What is the unemployment rate in Lanesboro?
The unemployment rate in Lanesboro, MN is 1.5%.