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Forest Lake city, Minnesota Demographics & Population 2026

As of 2026, Forest Lake city, Minnesota has a total population of 20,678, the 58th largest city in Minnesota, with a median household income of $89,879, which is 3% higher than the state average. The poverty rate is 6.7%.

Forest Lake city Quick Facts

Population 20,678
Median Household Income $89,879
Median Home Value $375,900
Poverty Rate 6.7%
Unemployment Rate 4.6%
Median Age 38.8 years
Homeownership Rate 71.8%
Affordability Ratio 4.2x
Bachelor's Degree or Higher 35.7%
High School Graduation Rate 93.3%
Diversity Index 33/100
Population 20,678 58th of 913
Median Income $89,879 top 30%
Poverty Rate 6.7% 46% lower national
Median Home Value $375,900 top 10%

How Forest Lake city Compares

Economy & Housing

Employment

4.6% Unemployment Rate State: 3.9% | National: 5.2%
70.8% Labor Force Participation

Housing Overview

Owner 71.8%
Renter 28.2%
Affordability Index Moderate
4.2x home value to income ratio

People & Demographics

Diversity Index

33out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Forest Lake city Rankings in Minnesota

#58 Population of 913
#200 Median Income of 913
#155 Education of 913
#76 Home Value of 913

Other Cities in Washington County

CityPopulationMedian IncomePovertyHome Value
Woodbury city 76,945 $126,222 4.9% $434,900
Cottage Grove city 40,124 $121,452 4.2% $359,600
Oakdale city 28,109 $90,379 6.0% $305,900
White Bear Lake city 24,026 $79,712 7.8% $318,000
Hastings city 22,050 $92,940 5.6% $294,100
Stillwater city 19,323 $109,297 7.7% $398,100
Hugo city 16,076 $114,057 1.7% $394,200
Lake Elmo city 12,504 $153,407 4.3% $588,900
Mahtomedi city 8,108 $132,326 3.9% $466,100
St. Paul Park city 5,464 $98,670 5.4% $252,800

Cities Similar to Forest Lake city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Northfield city20,678$92,000$305,30051.5%7.2%
South St. Paul city20,633$84,472$266,80030.7%9.1%
Hastings city22,050$92,940$294,10028.9%5.6%
Crystal city22,685$86,752$280,50035.9%7.8%
New Brighton city22,900$87,272$345,90049.0%10.3%

Population Overview

Forest Lake city is a small city located in Minnesota, within Washington County. The total population is 20,678. It ranks as the 58th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Forest Lake city is 38.8 years. This is about average than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Forest Lake city is $89,879. This is 3% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 14% higher. The poverty rate stands at 6.7%. This is 27% lower than the state poverty rate of 9.2%. The unemployment rate is 4.6%. This is 18% higher than the state rate of 3.9%. The median home value is $375,900. Housing costs are 23% higher than the state median of $305,500. The home-value-to-income ratio is 4.2x. 71.8% of occupied housing units are owner-occupied.

Race & Ethnicity

The largest racial or ethnic group in Forest Lake city is White (non-Hispanic), making up 81.5% of the population. Asian residents account for 5.9%.

Education

35.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 8% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%.

Data Sources & Methodology

All demographic data for Forest Lake city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Forest Lake city, Minnesota?

Forest Lake city, Minnesota has a population of 20,678 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Forest Lake city, MN?

The median household income in Forest Lake city is $89,879, which is 14% higher the national median of $78,538.

What is the poverty rate in Forest Lake city, MN?

The poverty rate in Forest Lake city is 6.7%. This means approximately 1,382 residents live below the federal poverty line.

What is the racial makeup of Forest Lake city, Minnesota?

Forest Lake city's population is 81.5% White, 3.6% Black, 4.5% Hispanic/Latino, and 5.9% Asian.

What is the median home value in Forest Lake city, MN?

The median home value in Forest Lake city is $375,900. The home-value-to-income ratio is 4.2x.

How educated is Forest Lake city, Minnesota?

35.7% of adults (25+) in Forest Lake city hold a bachelor's degree or higher, and 10.8% hold a graduate or professional degree.