Lakefield city, Minnesota Demographics & Population 2026
As of 2026, Lakefield city, Minnesota has a total population of 1,652, the 292nd largest city in Minnesota, with a median household income of $62,656, which is 28% lower than the state average. The poverty rate is 9.8%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 1.8x.
- Near full employment with an unemployment rate of just 0.5%.
Lakefield city Quick Facts
How Lakefield 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+)
Lakefield city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Jackson County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Jackson city | 3,298 | $57,328 | 14.0% | $118,900 |
| Heron Lake city | 591 | $66,607 | 8.0% | $86,200 |
| Alpha city | 109 | $140,273 | 3.7% | $56,900 |
| Wilder city | 17 | N/A | 0.0% | $85,000 |
Cities Similar to Lakefield city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| St. John's University CDP | 1,615 | N/A | N/A | 80.9% | 31.3% |
| Gilbert city | 1,693 | $62,625 | $116,200 | 17.5% | 9.8% |
| Warren city | 1,637 | $57,656 | $134,300 | 19.5% | 14.0% |
| Braham city | 1,674 | $55,417 | $191,600 | 12.6% | 18.9% |
| Osakis city | 1,667 | $53,684 | $169,200 | 19.3% | 13.3% |
Population Overview
Lakefield city is a small community located in Minnesota, within Jackson County. The total population is 1,652. It ranks as the 292nd most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Lakefield city is 43.9 years. This is 14% higher than the state median of 38.6 years. 15.5% 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 Lakefield city is $62,656. This is 28% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 20% lower. The poverty rate stands at 9.8%. This is 6% higher than the state poverty rate of 9.2%. The unemployment rate is 0.5%. This is 88% lower than the state rate of 3.9%. The median home value is $115,900. Housing costs are 62% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.8x, Lakefield city is one of the most affordable housing markets in the area. 87.9% of occupied housing units are owner-occupied. This homeownership rate is 21% higher than the state average of 72.4%.
Race & Ethnicity
Lakefield city has a predominantly White (non-Hispanic) population, comprising 91.8% of all residents. Hispanic or Latino residents account for 3.8%. The Black or African American population (0.5%) is well below the state average of 6.7%. The Asian population (0.3%) is well below the state average of 5.0%.
Education
17.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 56% 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 90.9%.
Data Sources & Methodology
All demographic data for Lakefield 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 Lakefield city, Minnesota?
Lakefield city, Minnesota has a population of 1,652 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lakefield city, MN?
The median household income in Lakefield city is $62,656, which is 20% lower the national median of $78,538.
What is the poverty rate in Lakefield city, MN?
The poverty rate in Lakefield city is 9.8%. This means approximately 157 residents live below the federal poverty line.
What is the racial makeup of Lakefield city, Minnesota?
Lakefield city's population is 91.8% White, 0.5% Black, 3.8% Hispanic/Latino, and 0.3% Asian.
What is the median home value in Lakefield city, MN?
The median home value in Lakefield city is $115,900. The home-value-to-income ratio is 1.8x.
How educated is Lakefield city, Minnesota?
17.1% of adults (25+) in Lakefield city hold a bachelor's degree or higher, and 3.5% hold a graduate or professional degree.