Pequot Lakes, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Pequot Lakes, Minnesota had a total population of 2,079, the 257th largest city in Minnesota, with a median household income of $63,699, which is 28% lower than the state average. The poverty rate is 6.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Unemployment rate of 10.4% is notably above the national average.
Pequot Lakes Quick Facts
How Pequot Lakes 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 | 2,236 | 2,079 | -7.0% |
| Median household income | $66,974 | $63,699 | -4.9% |
| Median home value | $246,400 | $289,300 | +17.4% |
How Pequot Lakes 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+)
Pequot Lakes Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Crow Wing County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Brainerd | 14,468 | $56,111 | 15.0% | $192,500 |
| Baxter | 8,966 | $70,688 | 13.1% | $324,100 |
| Breezy Point | 2,687 | $85,938 | 6.2% | $340,800 |
| Crosslake | 2,521 | $79,635 | 8.6% | $473,700 |
| Crosby | 2,218 | $41,554 | 16.9% | $185,600 |
| Nisswa | 1,954 | $100,000 | 5.0% | $481,200 |
| Deerwood | 710 | $62,981 | 10.8% | $225,000 |
| Emily | 693 | $68,250 | 15.3% | $348,800 |
| Ironton | 621 | $62,813 | 14.3% | $144,000 |
| Jenkins | 508 | $74,250 | 6.9% | $275,000 |
Cities Similar to Pequot Lakes
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Hoyt Lakes | 2,064 | $65,764 | $93,300 | 17.1% | 7.3% |
| Mountain Lake | 2,070 | $66,490 | $143,100 | 21.3% | 14.3% |
| Arlington | 2,065 | $68,073 | $206,300 | 16.6% | 8.6% |
| Slayton | 2,141 | $62,344 | $161,700 | 30.0% | 14.3% |
| Tracy | 2,057 | $67,788 | $113,400 | 15.1% | 9.9% |
Population Overview
Pequot Lakes is a small community located in Minnesota, within Crow Wing County. The total population is 2,079. It ranks as the 257th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Pequot Lakes is 43.2 years. This is 11% higher than the state median of 38.8 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 is $63,699. This is 28% lower than the state median of $89,062. It is also 21% lower than the national median of $80,734. The poverty rate stands at 6.6%. This is 29% lower than the state poverty rate of 9.3%. The unemployment rate is 10.4%. This is 156% higher than the state rate of 4.1%. The median home value is $289,300. Housing costs are 12% lower than the state median of $329,300. The home-value-to-income ratio is 4.5x. 65.1% of occupied housing units are owner-occupied. This homeownership rate is 10% lower than the state average of 72.2%.
Race & Ethnicity
Pequot Lakes has a predominantly White (non-Hispanic) population, comprising 94.7% of all residents. Hispanic or Latino residents account for 1.3%. The Black or African American population (0.4%) is well below the state average of 7.0%. The Hispanic or Latino population (1.3%) is well below the state average of 6.4%. The Asian population (0.4%) is well below the state average of 5.1%.
Education
30.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 24% lower 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 97.9%.
Data Sources & Methodology
All demographic data for Pequot Lakes, 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 Pequot Lakes, Minnesota?
Pequot Lakes, Minnesota has a population of 2,079 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Pequot Lakes, MN?
The median household income in Pequot Lakes is $63,699, which is 21% lower than the national median of $80,734.
What is the poverty rate in Pequot Lakes, MN?
The poverty rate in Pequot Lakes is 6.6%. This means approximately 128 residents live below the federal poverty line.
What is the racial makeup of Pequot Lakes, Minnesota?
Pequot Lakes's population is 94.7% White, 0.4% Black, 1.3% Hispanic/Latino, and 0.4% Asian.
What is the median home value in Pequot Lakes, MN?
The median home value in Pequot Lakes is $289,300. The home-value-to-income ratio is 4.5x.
How educated is Pequot Lakes, Minnesota?
30.0% of adults (25+) in Pequot Lakes hold a bachelor's degree or higher, and 8.1% hold a graduate or professional degree.