The Lakes CDP, Minnesota Demographics & Population 2026

Population Overview

The Lakes CDP is a small community located in Minnesota. The total population is 666. It ranks as the 436th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in The Lakes CDP is 63.4 years. This is 64% higher than the state median of 38.6 years. Only 10.1% of residents are under 18, indicating fewer families with children. 15.8% 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 The Lakes CDP is $88,929. This is 2% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 13% higher. The poverty rate stands at 3.5%. This is 63% 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 1.8%. This is 54% lower than the state rate of 3.9%. The median home value is $391,900. Housing costs are 28% higher than the state median of $305,500. The home-value-to-income ratio is 4.4x. 94.4% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 72.4%.

Race & Ethnicity

The Lakes CDP has a predominantly White (non-Hispanic) population, comprising 94.6% of all residents. Hispanic or Latino residents account for 2.5%. The Hispanic or Latino population (2.5%) is well below the state average of 6.2%.

Education

30.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 22% 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 98.8%.

Data Sources & Methodology

All demographic data for The Lakes CDP, 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.