Minnesota Lake city, Minnesota Demographics & Population 2026
As of 2026, Minnesota Lake city, Minnesota has a total population of 621, the 453rd largest city in Minnesota, with a median household income of $62,875, which is 28% lower than the state average. The poverty rate is 12.1%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.0x.
Minnesota Lake city Quick Facts
How Minnesota 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+)
Minnesota Lake city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Faribault County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Blue Earth city | 3,170 | $59,118 | 13.2% | $125,200 |
| Wells city | 2,317 | $58,663 | 11.1% | $93,200 |
| Winnebago city | 1,247 | $58,438 | 12.4% | $106,500 |
| Kiester city | 544 | $49,167 | 26.5% | $52,600 |
| Elmore city | 442 | $40,938 | 27.4% | $45,800 |
| Bricelyn city | 385 | $52,500 | 10.5% | $49,500 |
| Frost city | 300 | $75,000 | 13.0% | $71,800 |
| Delavan city | 174 | $69,583 | 14.5% | $71,500 |
| Easton city | 171 | $75,417 | 0.0% | $91,500 |
| Walters city | 82 | $35,781 | 29.3% | $52,500 |
Cities Similar to Minnesota Lake city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Brownsville city | 624 | $63,977 | $161,600 | 23.4% | 9.0% |
| Karlstad city | 622 | $61,324 | $120,300 | 36.7% | 11.8% |
| Deerwood city | 649 | $62,679 | $214,700 | 30.5% | 9.4% |
| Wabasso city | 598 | $63,900 | $105,100 | 20.9% | 8.0% |
| Brewster city | 605 | $59,688 | $130,500 | 8.3% | 6.9% |
Population Overview
Minnesota Lake city is a small community located in Minnesota, within Faribault County. The total population is 621. It ranks as the 453rd most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Minnesota Lake city is 45.5 years. This is 18% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Minnesota Lake city is $62,875. 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 12.1%. This is 31% higher than the state poverty rate of 9.2%. The unemployment rate is 3.9%. This is 2% lower than the state rate of 3.9%. The median home value is $126,600. Housing costs are 59% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.0x, Minnesota Lake city is one of the most affordable housing markets in the area. 75.9% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 72.4%.
Race & Ethnicity
Minnesota Lake city has a predominantly White (non-Hispanic) population, comprising 96.1% of all residents. Hispanic or Latino residents account for 1.5%. The Hispanic or Latino population (1.5%) is well below the state average of 6.2%.
Education
18.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 52% 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 92.2%.
Data Sources & Methodology
All demographic data for Minnesota 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 Minnesota Lake city, Minnesota?
Minnesota Lake city, Minnesota has a population of 621 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Minnesota Lake city, MN?
The median household income in Minnesota Lake city is $62,875, which is 20% lower the national median of $78,538.
What is the poverty rate in Minnesota Lake city, MN?
The poverty rate in Minnesota Lake city is 12.1%. This means approximately 75 residents live below the federal poverty line.
What is the racial makeup of Minnesota Lake city, Minnesota?
Minnesota Lake city's population is 96.1% White, 0.0% Black, 1.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Minnesota Lake city, MN?
The median home value in Minnesota Lake city is $126,600. The home-value-to-income ratio is 2.0x.
How educated is Minnesota Lake city, Minnesota?
18.7% of adults (25+) in Minnesota Lake city hold a bachelor's degree or higher, and 3.5% hold a graduate or professional degree.