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Pequot Lakes city, Minnesota Demographics & Population 2026

As of 2026, Pequot Lakes city, Minnesota has a total population of 2,236, the 247th largest city in Minnesota, with a median household income of $66,974, which is 24% lower than the state average. The poverty rate is 5.5%.

Key Takeaways

Pequot Lakes city Quick Facts

Population 2,236
Median Household Income $66,974
Median Home Value $246,400
Poverty Rate 5.5%
Unemployment Rate 8.9%
Median Age 43.0 years
Homeownership Rate 66.8%
Affordability Ratio 3.7x
Bachelor's Degree or Higher 32.6%
High School Graduation Rate 97.4%
Diversity Index 9/100
Population 2,236 247th of 913
Median Income $66,974 average
Poverty Rate 5.5% 56% lower national
Median Home Value $246,400 top 30%

How Pequot Lakes city Compares

Economy & Housing

Employment

8.9% Unemployment Rate State: 3.9% | National: 5.2%
61.0% Labor Force Participation

Housing Overview

Owner 66.8%
Renter 33.2%
Affordability Index Affordable
3.7x home value to income ratio

People & Demographics

Diversity Index

9out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Pequot Lakes city Rankings in Minnesota

#247 Population of 913
#440 Median Income of 913
#184 Education of 913
#229 Home Value of 913

Other Cities in Crow Wing County

CityPopulationMedian IncomePovertyHome Value
Brainerd city 14,474 $53,705 16.7% $178,600
Baxter city 8,804 $71,272 10.8% $298,400
Crosslake city 2,648 $85,000 8.6% $540,200
Breezy Point city 2,647 $85,913 5.6% $301,000
Crosby city 2,253 $43,250 15.8% $175,600
Nisswa city 1,744 $100,167 6.4% $475,700
Emily city 659 $73,563 12.4% $344,700
Deerwood city 649 $62,679 9.4% $214,700
Ironton city 557 $55,536 15.4% $128,300
Jenkins city 472 $70,500 6.1% $265,900

Cities Similar to Pequot Lakes city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Arlington city2,298$66,458$181,60018.2%14.9%
Olivia city2,243$62,683$156,60021.9%13.2%
Spring Valley city2,357$64,500$149,10015.2%12.0%
Springfield city2,209$59,412$117,60026.0%9.4%
Slayton city2,089$65,724$160,40031.4%11.5%

Population Overview

Pequot Lakes city is a small community located in Minnesota, within Crow Wing County. The total population is 2,236. It ranks as the 247th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Pequot Lakes city is 43.0 years. This is 11% higher than the state median of 38.6 years. 10.5% 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 Pequot Lakes city is $66,974. This is 24% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 15% lower. The poverty rate stands at 5.5%. This is 40% lower than the state poverty rate of 9.2%. The unemployment rate is 8.9%. This is 127% higher than the state rate of 3.9%. The median home value is $246,400. Housing costs are 19% lower than the state median of $305,500. The home-value-to-income ratio is 3.7x. 66.8% of occupied housing units are owner-occupied. This homeownership rate is 8% lower than the state average of 72.4%.

Race & Ethnicity

Pequot Lakes city has a predominantly White (non-Hispanic) population, comprising 95.1% of all residents. Hispanic or Latino residents account for 1.1%. The Black or African American population (0.5%) is well below the state average of 6.7%. The Hispanic or Latino population (1.1%) is well below the state average of 6.2%. The Asian population (0.3%) is well below the state average of 5.0%.

Education

32.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 16% 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 97.4%.

Data Sources & Methodology

All demographic data for Pequot Lakes 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 Pequot Lakes city, Minnesota?

Pequot Lakes city, Minnesota has a population of 2,236 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Pequot Lakes city, MN?

The median household income in Pequot Lakes city is $66,974, which is 15% lower the national median of $78,538.

What is the poverty rate in Pequot Lakes city, MN?

The poverty rate in Pequot Lakes city is 5.5%. This means approximately 118 residents live below the federal poverty line.

What is the racial makeup of Pequot Lakes city, Minnesota?

Pequot Lakes city's population is 95.1% White, 0.5% Black, 1.1% Hispanic/Latino, and 0.3% Asian.

What is the median home value in Pequot Lakes city, MN?

The median home value in Pequot Lakes city is $246,400. The home-value-to-income ratio is 3.7x.

How educated is Pequot Lakes city, Minnesota?

32.6% of adults (25+) in Pequot Lakes city hold a bachelor's degree or higher, and 9.3% hold a graduate or professional degree.