Martin Lake, MN
Population 1,203 · Minnesota
About Martin Lake, MN
Martin Lake is a small community in Minnesota with a population of 1,203 residents. The median household income is $120,705 per year, which is above the national average. The median age in Martin Lake is 42.4 years.
Housing in Martin Lake has a median home value of $426,100 and median monthly rent of $1,589. Of the 541 total housing units, the majority are owner-occupied, with 334 owner-occupied and 156 renter-occupied units.
The unemployment rate in Martin Lake is 1.1% and the poverty rate is 6.9%. 12.4% of residents hold a bachelor's degree or higher. The average commute time is 29.3 minutes.
Cost of Living in Martin Lake, MN
Compared to national averages, Martin Lake has a median household income of $120,705 (61% above the national median of $75,149). Home values average $426,100, which is 74% above the national median. Monthly rent at $1,589 is 37% above the US average of $1,163. Within Minnesota, Martin Lake's income is 63% above the state average of $74,221, and home values are 108% above the state median of $204,472.
Why Live in Martin Lake, MN?
Martin Lake offers a strong local economy with a median household income of $120,705, well above the national average, and a strong job market with an unemployment rate of just 1.1%, and a low poverty rate of 6.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $426,100. However, Martin Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Martin Lake has a population of 1,203 with a median age of 42.4 years. Compare Martin Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Martin Lake
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Edgerton | 1,207 | $66,739 | $132,800 | Compare |
| Taylors Falls | 1,208 | $61,548 | $256,000 | Compare |
| Medford | 1,194 | $98,375 | $234,300 | Compare |
| Atwater | 1,217 | $66,071 | $144,300 | Compare |
| Bagley | 1,218 | $53,417 | $135,100 | Compare |
| Wanamingo | 1,185 | $85,000 | $247,400 | Compare |
| Spicer | 1,222 | $76,406 | $278,500 | Compare |
| Spring Grove | 1,223 | $60,221 | $148,200 | 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 Martin Lake
What is the population of Martin Lake, MN?
The population of Martin Lake, MN is 1,203 according to the latest Census data.
What is the median household income in Martin Lake?
The median household income in Martin Lake, MN is $120,705 per year.
What is the median home value in Martin Lake?
The median home value in Martin Lake, MN is $426,100.
What is the average rent in Martin Lake?
The median monthly rent in Martin Lake, MN is $1,589.
What is the unemployment rate in Martin Lake?
The unemployment rate in Martin Lake, MN is 1.1%.