Lake George, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Lake George, Minnesota had a total population of 204, the 694th largest community in Minnesota, with a median household income of $84,167, which is 5% lower than the state average. The poverty rate is 6.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Unemployment rate of 12.8% is notably above the national average.
Lake George Quick Facts
How Lake George Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 245 | 204 | -16.7% |
| Median household income | $68,500 | $84,167 | +22.9% |
| Median home value | $222,500 | $245,500 | +10.3% |
How Lake George Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake George Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hubbard County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Park Rapids | 4,270 | $44,747 | 21.2% | $227,500 |
| Nevis | 496 | $60,268 | 7.9% | $182,000 |
| Akeley | 289 | $44,000 | 14.2% | $110,500 |
| Laporte | 71 | $44,375 | 35.2% | $159,400 |
| Hubbard | 53 | N/A | 17.0% | N/A |
Cities Similar to Lake George
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Searles | 201 | $80,625 | $191,100 | 27.9% | 1.0% |
| Okabena | 210 | $86,719 | $108,300 | 30.4% | 10.0% |
| Mahnomen | 195 | N/A | N/A | 7.9% | 61.2% |
| Nerstrand | 215 | $85,833 | $211,100 | 13.1% | 9.8% |
| Garden City | 194 | $81,250 | $177,200 | 12.7% | 3.6% |
A note before these figures: with a population of 204, Lake George's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Lake George is a small community located in Minnesota, within Hubbard County. The total population is 204. It ranks as the 694th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Lake George is 51.5 years. This is 33% higher than the state median of 38.8 years. 13.7% 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 George is $84,167. This is 5% lower than the state median of $89,062. It is also 4% higher than the national median of $80,734. The poverty rate stands at 6.9%. This is 26% lower than the state poverty rate of 9.3%. The unemployment rate is 12.8%. This is 215% higher than the state rate of 4.1%. The median home value is $245,500. Housing costs are 25% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.9x, Lake George is one of the most affordable housing markets in the area. 95.0% of occupied housing units are owner-occupied. This homeownership rate is 32% higher than the state average of 72.2%.
Race & Ethnicity
Lake George has a predominantly White (non-Hispanic) population, comprising 93.6% of all residents. Hispanic or Latino residents account for 2.9%. The Hispanic or Latino population (2.9%) is well below the state average of 6.4%.
Education
28.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 28% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.9%.
Data Sources & Methodology
All demographic data for Lake George, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lake George, Minnesota?
Lake George, Minnesota has a population of 204 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake George, MN?
The median household income in Lake George is $84,167, which is 4% higher than the national median of $80,734.
What is the poverty rate in Lake George, MN?
The poverty rate in Lake George is 6.9%. This means approximately 14 residents live below the federal poverty line.
What is the racial makeup of Lake George, Minnesota?
Lake George's population is 93.6% White, 0.0% Black, 2.9% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lake George, MN?
The median home value in Lake George is $245,500. The home-value-to-income ratio is 2.9x.
How educated is Lake George, Minnesota?
28.3% of adults (25+) in Lake George hold a bachelor's degree or higher, and 8.8% hold a graduate or professional degree.