Pequot Lakes, MN
Population 2,236 · Minnesota
About Pequot Lakes, MN
Pequot Lakes is a small community in Minnesota with a population of 2,236 residents. The median household income is $66,974 per year, which is near the national average. The median age in Pequot Lakes is 43 years.
Housing in Pequot Lakes has a median home value of $246,400 and median monthly rent of $792. Of the 1,324 total housing units, the majority are owner-occupied, with 648 owner-occupied and 322 renter-occupied units.
The unemployment rate in Pequot Lakes is 8.9% and the poverty rate is 5.5%. 32.6% of residents hold a bachelor's degree or higher. The average commute time is 22.4 minutes.
Cost of Living in Pequot Lakes, MN
Compared to national averages, Pequot Lakes has a median household income of $66,974 (11% below the national median of $75,149). Home values average $246,400, which is 1% above the national median. Monthly rent at $792 is 32% below the US average of $1,163. Within Minnesota, Pequot Lakes's income is 10% below the state average of $74,221, and home values are 21% above the state median of $204,472.
Why Live in Pequot Lakes, MN?
Pequot Lakes offers rent that’s lower than the national average at $792/month, and a low poverty rate of 5.5%, better than the national average, and short commute times averaging just 22.4 minutes.
Potential considerations include median household income ($66,974) that falls below the national average. However, Pequot Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Pequot Lakes has a population of 2,236 with a median age of 43 years. Compare Pequot Lakes with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Pequot Lakes
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Olivia | 2,243 | $62,683 | $156,600 | Compare |
| Crosby | 2,253 | $43,250 | $175,600 | Compare |
| Aitkin | 2,217 | $45,813 | $172,800 | Compare |
| Springfield | 2,209 | $59,412 | $117,600 | Compare |
| Arlington | 2,298 | $66,458 | $181,600 | Compare |
| Wells | 2,317 | $58,663 | $93,200 | Compare |
| Cologne | 2,146 | $117,344 | $356,600 | Compare |
| Spring Valley | 2,357 | $64,500 | $149,100 | 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 Pequot Lakes
What is the population of Pequot Lakes, MN?
The population of Pequot Lakes, MN is 2,236 according to the latest Census data.
What is the median household income in Pequot Lakes?
The median household income in Pequot Lakes, MN is $66,974 per year.
What is the median home value in Pequot Lakes?
The median home value in Pequot Lakes, MN is $246,400.
What is the average rent in Pequot Lakes?
The median monthly rent in Pequot Lakes, MN is $792.
What is the unemployment rate in Pequot Lakes?
The unemployment rate in Pequot Lakes, MN is 8.9%.