Madison Lake, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Madison Lake, Minnesota had a total population of 1,322, the 322nd largest city in Minnesota, with a median household income of $87,727, which is 1% lower than the state average. The poverty rate is 6.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Madison Lake Quick Facts
How Madison Lake 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 | 1,178 | 1,322 | +12.2% |
| Median household income | $84,833 | $87,727 | +3.4% |
| Median home value | $281,300 | $303,100 | +7.7% |
How Madison Lake 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+)
Madison Lake Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Blue Earth County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Mankato | 45,473 | $66,873 | 20.6% | $261,700 |
| North Mankato | 14,211 | $80,791 | 4.5% | $262,100 |
| Eagle Lake | 3,281 | $96,964 | 6.2% | $276,500 |
| Lake Crystal | 2,606 | $83,317 | 7.8% | $204,400 |
| Mapleton | 1,728 | $80,909 | 13.4% | $181,900 |
| St. Clair | 710 | $106,136 | 4.9% | $218,000 |
| Minnesota Lake | 687 | $68,750 | 7.0% | $158,100 |
| Amboy | 602 | $69,844 | 13.8% | $134,400 |
| Good Thunder | 456 | $81,667 | 7.9% | $178,700 |
| Vernon Center | 329 | $70,000 | 4.3% | $143,300 |
Cities Similar to Madison Lake
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Morristown | 1,265 | $83,059 | $184,800 | 11.7% | 15.1% |
| Spicer | 1,222 | $77,969 | $294,700 | 29.9% | 7.7% |
| Wanamingo | 1,389 | $71,731 | $269,200 | 24.3% | 13.4% |
| Medford | 1,257 | $108,250 | $249,600 | 23.9% | 4.9% |
| Adrian | 1,236 | $73,438 | $165,500 | 23.3% | 7.7% |
Population Overview
Madison Lake is a small community located in Minnesota, within Blue Earth County. The total population is 1,322. It ranks as the 322nd most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Madison Lake is 40.0 years. This is 3% higher than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Madison Lake is $87,727. This is 1% lower than the state median of $89,062. It is also 9% higher than the national median of $80,734. The poverty rate stands at 6.8%. This is 27% lower than the state poverty rate of 9.3%. The unemployment rate is 4.4%. This is 8% higher than the state rate of 4.1%. The median home value is $303,100. Housing costs are 8% lower than the state median of $329,300. The home-value-to-income ratio is 3.5x. 68.9% of occupied housing units are owner-occupied. This homeownership rate is 5% lower than the state average of 72.2%.
Race & Ethnicity
Madison Lake has a predominantly White (non-Hispanic) population, comprising 92.9% of all residents. Black or African American residents account for 3.2%. The Black or African American population (3.2%) is well below the state average of 7.0%. The Hispanic or Latino population (0.6%) is well below the state average of 6.4%. The Asian population (0.1%) is well below the state average of 5.1%.
Education
40.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 2% higher 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 98.0%. Notably, 18.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Madison Lake, 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 Madison Lake, Minnesota?
Madison Lake, Minnesota has a population of 1,322 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Madison Lake, MN?
The median household income in Madison Lake is $87,727, which is 9% higher than the national median of $80,734.
What is the poverty rate in Madison Lake, MN?
The poverty rate in Madison Lake is 6.8%. This means approximately 90 residents live below the federal poverty line.
What is the racial makeup of Madison Lake, Minnesota?
Madison Lake's population is 92.9% White, 3.2% Black, 0.6% Hispanic/Latino, and 0.1% Asian.
What is the median home value in Madison Lake, MN?
The median home value in Madison Lake is $303,100. The home-value-to-income ratio is 3.5x.
How educated is Madison Lake, Minnesota?
40.2% of adults (25+) in Madison Lake hold a bachelor's degree or higher, and 18.1% hold a graduate or professional degree.