Lake Benton city, Minnesota Demographics & Population 2026
As of 2026, Lake Benton city, Minnesota has a total population of 698, the 427th largest city in Minnesota, with a median household income of $52,000, which is 41% lower than the state average. The poverty rate is 13.3%.
Key Takeaways
- Household income is 41% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.8x.
Lake Benton city Quick Facts
How Lake Benton city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Lake Benton city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Lincoln County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Tyler city | 1,019 | $60,417 | 9.8% | $143,300 |
| Ivanhoe city | 627 | $54,583 | 10.5% | $65,500 |
| Hendricks city | 572 | $45,125 | 15.4% | $78,100 |
| Arco city | 61 | $60,625 | 18.0% | N/A |
Cities Similar to Lake Benton city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Vineland CDP | 709 | $55,781 | $135,000 | 2.4% | 33.3% |
| Ponemah CDP | 740 | N/A | N/A | 0.0% | 22.4% |
| Hoffman city | 708 | $47,000 | $127,700 | 14.3% | 21.4% |
| Trimont city | 658 | $51,250 | $83,900 | 22.5% | 17.3% |
| Clarissa city | 700 | $45,500 | $104,000 | 7.5% | 14.9% |
Population Overview
Lake Benton city is a small community located in Minnesota, within Lincoln County. The total population is 698. It ranks as the 427th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Lake Benton city is 45.1 years. This is 17% higher than the state median of 38.6 years. 14.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Lake Benton city is $52,000. This is 41% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 34% lower. The poverty rate stands at 13.3%. This is 45% higher than the state poverty rate of 9.2%. The unemployment rate is 3.3%. This is 16% lower than the state rate of 3.9%. The median home value is $91,900. Housing costs are 70% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.8x, Lake Benton city is one of the most affordable housing markets in the area. 77.4% of occupied housing units are owner-occupied. This homeownership rate is 7% higher than the state average of 72.4%.
Race & Ethnicity
Lake Benton city has a predominantly White (non-Hispanic) population, comprising 89.1% of all residents. Hispanic or Latino residents account for 5.4%. The Asian population (1.9%) is well below the state average of 5.0%.
Education
21.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 44% 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 94.7%.
Data Sources & Methodology
All demographic data for Lake Benton 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 Lake Benton city, Minnesota?
Lake Benton city, Minnesota has a population of 698 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake Benton city, MN?
The median household income in Lake Benton city is $52,000, which is 34% lower the national median of $78,538.
What is the poverty rate in Lake Benton city, MN?
The poverty rate in Lake Benton city is 13.3%. This means approximately 93 residents live below the federal poverty line.
What is the racial makeup of Lake Benton city, Minnesota?
Lake Benton city's population is 89.1% White, 0.0% Black, 5.4% Hispanic/Latino, and 1.9% Asian.
What is the median home value in Lake Benton city, MN?
The median home value in Lake Benton city is $91,900. The home-value-to-income ratio is 1.8x.
How educated is Lake Benton city, Minnesota?
21.7% of adults (25+) in Lake Benton city hold a bachelor's degree or higher, and 4.9% hold a graduate or professional degree.