Minnesota Lake, MN
Population 621 · Minnesota
About Minnesota Lake, MN
Minnesota Lake is a small community in Minnesota with a population of 621 residents. The median household income is $62,875 per year, which is near the national average. The median age in Minnesota Lake is 45.5 years.
Housing in Minnesota Lake has a median home value of $126,600 and median monthly rent of $950. Of the 312 total housing units, the majority are owner-occupied, with 227 owner-occupied and 72 renter-occupied units.
The unemployment rate in Minnesota Lake is 3.9% and the poverty rate is 12.1%. 18.7% of residents hold a bachelor's degree or higher. The average commute time is 33.8 minutes.
Cost of Living in Minnesota Lake, MN
Compared to national averages, Minnesota Lake has a median household income of $62,875 (16% below the national median of $75,149). Home values average $126,600, which is 48% below the national median. Monthly rent at $950 is 18% below the US average of $1,163. Within Minnesota, Minnesota Lake's income is 15% below the state average of $74,221, and home values are 38% below the state median of $204,472.
Why Live in Minnesota Lake, MN?
Minnesota Lake offers affordable housing with a median home value of $126,600, below the US average of $244,900, and rent that’s lower than the national average at $950/month, and a low poverty rate of 12.1%, better than the national average.
Potential considerations include median household income ($62,875) that falls below the national average. However, Minnesota Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Minnesota Lake has a population of 621 with a median age of 45.5 years. Compare Minnesota Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Minnesota Lake
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clear Lake | 621 | $105,000 | $255,800 | Compare |
| La Prairie | 621 | $75,192 | $202,300 | Compare |
| Cleveland | 622 | $83,281 | $204,200 | Compare |
| Eagle Bend | 620 | $48,924 | $96,700 | Compare |
| Karlstad | 622 | $61,324 | $120,300 | Compare |
| Brownsville | 624 | $63,977 | $161,600 | Compare |
| Ellendale | 626 | $80,417 | $150,000 | Compare |
| Ivanhoe | 627 | $54,583 | $65,500 | 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 Minnesota Lake
What is the population of Minnesota Lake, MN?
The population of Minnesota Lake, MN is 621 according to the latest Census data.
What is the median household income in Minnesota Lake?
The median household income in Minnesota Lake, MN is $62,875 per year.
What is the median home value in Minnesota Lake?
The median home value in Minnesota Lake, MN is $126,600.
What is the average rent in Minnesota Lake?
The median monthly rent in Minnesota Lake, MN is $950.
What is the unemployment rate in Minnesota Lake?
The unemployment rate in Minnesota Lake, MN is 3.9%.