Medicine Lake, MN
Population 541 · Minnesota
About Medicine Lake, MN
Medicine Lake is a small community in Minnesota with a population of 541 residents. The median household income is $161,250 per year, which is above the national average. The median age in Medicine Lake is 44.9 years.
Housing in Medicine Lake has a median home value of $1,014,500 and median monthly rent of $1,025. Of the 221 total housing units, the majority are owner-occupied, with 181 owner-occupied and 34 renter-occupied units.
The unemployment rate in Medicine Lake is 0.0% and the poverty rate is 2.6%. 71.0% of residents hold a bachelor's degree or higher. The average commute time is 17.1 minutes.
How Medicine Lake Ranks in Minnesota
Cost of Living in Medicine Lake, MN
Compared to national averages, Medicine Lake has a median household income of $161,250 (115% above the national median of $75,149). Home values average $1,014,500, which is 314% above the national median. Monthly rent at $1,025 is 12% below the US average of $1,163. Within Minnesota, Medicine Lake's income is 117% above the state average of $74,221, and home values are 396% above the state median of $204,472.
Why Live in Medicine Lake, MN?
Medicine Lake offers a strong local economy with a median household income of $161,250, well above the national average, and rent that’s lower than the national average at $1,025/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 71.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.6%, better than the national average, and short commute times averaging just 17.1 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,014,500. However, Medicine Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Medicine Lake has a population of 541 with a median age of 44.9 years. Compare Medicine Lake 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 Medicine Lake
What is the population of Medicine Lake, MN?
The population of Medicine Lake, MN is 541 according to the latest Census data.
What is the median household income in Medicine Lake?
The median household income in Medicine Lake, MN is $161,250 per year.
What is the median home value in Medicine Lake?
The median home value in Medicine Lake, MN is $1,014,500.
What is the average rent in Medicine Lake?
The median monthly rent in Medicine Lake, MN is $1,025.
What is the unemployment rate in Medicine Lake?
The unemployment rate in Medicine Lake, MN is 0.0%.