Martin Lake, MN
Population 1,203 · Minnesota
About Martin Lake, MN
Martin Lake is a small town located in Minnesota with a population of 1,203 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,705 per year, which is 61% above the national median of $75,149. The median age of 42.4 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 Martin Lake features a median home value of $426,100, which is 74% above the national median of $244,900. This places Martin Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,589, 37% above the national average of $1,163/month. Of the 541 total housing units, 68% are owner-occupied (334 units) and 32% are renter-occupied (156 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Martin Lake shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Martin Lake have an average one-way commute time of 29.3 minutes.
Education & Demographics
12.4% of Martin Lake 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
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.
Compare Martin Lake With Other Cities
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 US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Martin Lake?
The median household income in Martin Lake, MN is $120,705 per year, which is 61% above the national median of $75,149.
What is the median home value in Martin Lake?
The median home value in Martin Lake, MN is $426,100, which is 74% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Martin Lake?
The median monthly rent in Martin Lake, MN is $1,589, which is 37% above the national average of $1,163/month.
What is the unemployment rate in Martin Lake?
The unemployment rate in Martin Lake, MN is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Martin Lake, MN a good place to live?
Martin Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,203 and a median age of 42.4, the city appeals to a broad range of residents.
How educated is Martin Lake, MN?
12.4% of residents in Martin Lake 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 Martin Lake?
Key cost-of-living indicators for Martin Lake, MN: median home value is $426,100 (74% above national), median rent is $1,589/month, and median household income is $120,705. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Martin Lake?
The poverty rate in Martin Lake, MN is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Martin Lake, MN?
Martin Lake's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.