Medicine Lake city, Minnesota Demographics & Population 2026
As of 2026, Medicine Lake city, Minnesota has a total population of 541, the 485th largest city in Minnesota, with a median household income of $161,250, which is 84% higher than the state average. The poverty rate is 2.6%.
Key Takeaways
- Household income is 84% above the state average — one of the wealthiest communities in Minnesota.
- An exceptionally low poverty rate of 2.6% — among the lowest in Minnesota.
- 71.0% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Near full employment with an unemployment rate of just 0.0%.
Medicine Lake city Quick Facts
How Medicine Lake 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+)
Medicine Lake city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis city | 426,845 | $80,269 | 16.4% | $345,600 |
| Bloomington city | 88,838 | $90,677 | 9.1% | $346,200 |
| Brooklyn Park city | 84,349 | $85,964 | 10.3% | $313,500 |
| Plymouth city | 79,526 | $133,865 | 4.1% | $474,700 |
| Maple Grove city | 70,539 | $129,481 | 3.9% | $397,400 |
| Eden Prairie city | 63,249 | $127,732 | 6.0% | $463,300 |
| Minnetonka city | 53,256 | $120,496 | 4.8% | $456,200 |
| Edina city | 53,125 | $129,225 | 4.4% | $624,000 |
| St. Louis Park city | 49,541 | $100,250 | 7.3% | $371,600 |
| Richfield city | 36,725 | $84,055 | 7.3% | $320,400 |
Cities Similar to Medicine Lake city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Gem Lake city | 521 | $146,250 | $536,600 | 52.6% | 2.3% |
| Woodland city | 505 | $189,107 | $1,220,600 | 84.4% | 1.8% |
| Taconite city | 541 | $100,089 | $217,900 | 15.9% | 3.5% |
| Crown College CDP | 426 | N/A | N/A | N/A | 0.0% |
| Bethel city | 559 | $102,500 | $260,200 | 15.4% | 3.6% |
Population Overview
Medicine Lake city is a small community located in Minnesota, within Hennepin County. The total population is 541. It ranks as the 485th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Medicine Lake city is 44.9 years. This is 16% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Medicine Lake city is $161,250. This is 84% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 105% higher. The poverty rate stands at 2.6%. This is 72% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.9%. The median home value is $1,014,500. Housing costs are 232% higher than the state median of $305,500. The home-value-to-income ratio of 6.3x suggests that housing affordability is a significant concern for many residents. 84.2% of occupied housing units are owner-occupied. This homeownership rate is 16% higher than the state average of 72.4%.
Race & Ethnicity
Medicine Lake city has a predominantly White (non-Hispanic) population, comprising 91.7% of all residents. Hispanic or Latino residents account for 4.1%. The Asian population (1.1%) is well below the state average of 5.0%.
Education
71.0% of residents aged 25 and older hold a bachelor's degree or higher. This places Medicine Lake city in the top 10% of all cities in the state for educational attainment. This is 83% higher 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 99.7%. Notably, 32.7% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Medicine 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 Medicine Lake city, Minnesota?
Medicine Lake city, Minnesota has a population of 541 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Medicine Lake city, MN?
The median household income in Medicine Lake city is $161,250, which is 105% higher the national median of $78,538.
What is the poverty rate in Medicine Lake city, MN?
The poverty rate in Medicine Lake city is 2.6%. This means approximately 14 residents live below the federal poverty line.
What is the racial makeup of Medicine Lake city, Minnesota?
Medicine Lake city's population is 91.7% White, 0.0% Black, 4.1% Hispanic/Latino, and 1.1% Asian.
What is the median home value in Medicine Lake city, MN?
The median home value in Medicine Lake city is $1,014,500. The home-value-to-income ratio is 6.3x.
How educated is Medicine Lake city, Minnesota?
71.0% of adults (25+) in Medicine Lake city hold a bachelor's degree or higher, and 32.7% hold a graduate or professional degree.