The Lakes, MN
Population 666 · Minnesota
About The Lakes, MN
The Lakes is a small community in Minnesota with a population of 666 residents. The median household income is $88,929 per year, which is above the national average. The median age in The Lakes is 63.4 years.
Housing in The Lakes has a median home value of $391,900 and median monthly rent of $0. Of the 780 total housing units, the majority are owner-occupied, with 321 owner-occupied and 19 renter-occupied units.
The unemployment rate in The Lakes is 1.8% and the poverty rate is 3.5%. 30.4% of residents hold a bachelor's degree or higher. The average commute time is 33 minutes.
Cost of Living in The Lakes, MN
Compared to national averages, The Lakes has a median household income of $88,929 (18% above the national median of $75,149). Home values average $391,900, which is 60% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, The Lakes's income is 20% above the state average of $74,221, and home values are 92% above the state median of $204,472.
Why Live in The Lakes, MN?
The Lakes offers a strong local economy with a median household income of $88,929, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.8%. Additionally, the city features a low poverty rate of 3.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $391,900. However, The Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
The Lakes has a population of 666 with a median age of 63.4 years. Compare The Lakes with other cities to see how it stacks up, or explore all cities in Minnesota.
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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 The Lakes
What is the population of The Lakes, MN?
The population of The Lakes, MN is 666 according to the latest Census data.
What is the median household income in The Lakes?
The median household income in The Lakes, MN is $88,929 per year.
What is the median home value in The Lakes?
The median home value in The Lakes, MN is $391,900.
What is the average rent in The Lakes?
The median monthly rent in The Lakes, MN is $0.
What is the unemployment rate in The Lakes?
The unemployment rate in The Lakes, MN is 1.8%.