Powers Lake, ND
Population 292 · North Dakota
About Powers Lake, ND
Powers Lake is a small community located in North Dakota with a population of 292 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,750 per year, which is 3% above the national median of $75,149. The median age of 39.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Powers Lake features a median home value of $165,000, which is 33% below the national median of $244,900. This positions Powers Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $1,074, 8% below the national average of $1,163/month. Of the 201 total housing units, 69% are owner-occupied (98 units) and 31% are renter-occupied (45 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Powers Lake shows an unemployment rate of 20.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.8%, above the national average of 12.4%. Workers in Powers Lake have an average one-way commute time of 32 minutes.
Education & Demographics
29.9% of Powers Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.7% 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 Powers Lake, ND
Compared to national averages, Powers Lake has a median household income of $77,750 (3% above the national median of $75,149). Home values average $165,000, which is 33% below the national median. Monthly rent at $1,074 is 8% below the US average of $1,163. Within North Dakota, Powers Lake's income is 7% above the state average of $72,691, and home values are 18% above the state median of $139,496.
Why Live in Powers Lake, ND?
Powers Lake offers a strong local economy with a median household income of $77,750, well above the national average, and affordable housing with a median home value of $165,000, below the US average of $244,900, and rent that’s lower than the national average at $1,074/month.
Powers Lake has a population of 292 with a median age of 39.5 years. Compare Powers Lake with other cities to see how it stacks up, or explore all cities in North Dakota.
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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 Powers Lake
What is the population of Powers Lake, ND?
The population of Powers Lake, ND is 292 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Dakota.
What is the median household income in Powers Lake?
The median household income in Powers Lake, ND is $77,750 per year, which is 3% above the national median of $75,149.
What is the median home value in Powers Lake?
The median home value in Powers Lake, ND is $165,000, which is 33% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Powers Lake?
The median monthly rent in Powers Lake, ND is $1,074, which is 8% below the national average of $1,163/month.
What is the unemployment rate in Powers Lake?
The unemployment rate in Powers Lake, ND is 20.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Powers Lake, ND a good place to live?
Powers Lake offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 292 and a median age of 39.5, the city appeals to a broad range of residents.
How educated is Powers Lake, ND?
29.9% of residents in Powers 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 Powers Lake?
Key cost-of-living indicators for Powers Lake, ND: median home value is $165,000 (33% below national), median rent is $1,074/month, and median household income is $77,750. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Powers Lake?
The poverty rate in Powers Lake, ND is 15.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Powers Lake, ND?
Powers Lake's population is 0.7% 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.