Minnesota Lake vs Wells

A side-by-side comparison of Minnesota Lake and Wells: population, income, housing, and more.

Minnesota Lake and Wells are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Wells has the higher population (2,317 vs 621 in Minnesota Lake). Minnesota Lake has the higher median household income ($62,875 vs $58,663 in Wells). Minnesota Lake has the higher median home value ($126,600 vs $93,200 in Wells).

Population, income & housing

	Minnesota Lake	Wells
Population	621	2,317
Median age	45.5 yrs	41.8 yrs
Median household income	$62,875	$58,663
Median home value	$126,600	$93,200
Median gross rent	$950	$699
Housing units	312	1,198
Homeownership rate	75.9%	76.0%
Bachelor's degree or higher	18.7%	19.8%
Unemployment rate	3.9%	3.9%

Trends (ACS 5-year, 2019–2023)

	Minnesota Lake	Wells
Population	642 → 621 (-3.3%)	2,336 → 2,317 (-0.8%)
Median household income	$56,875 → $62,875 (+10.5%)	$46,205 → $58,663 (+27.0%)
Median home value	$105,000 → $126,600 (+20.6%)	$83,800 → $93,200 (+11.2%)
Median gross rent	$608 → $950 (+56.3%)	$604 → $699 (+15.7%)

Minnesota Lake

Population

642621

Median household income

$56,875$62,875

Median home value

$105,000$126,600

Median gross rent

$608$950

Wells

Population

2,3362,317

Median household income

$46,205$58,663

Median home value

$83,800$93,200

Median gross rent

$604$699

Age & race/ethnicity

Age distribution (share)

	Minnesota Lake	Wells
Under 5	4.2%	7.3%
5 to 17	13.5%	12.9%
18 to 24	8.2%	9.5%
25 to 34	12.1%	12.5%
35 to 44	11.3%	8.8%
45 to 54	15.3%	9.5%
55 to 64	16.4%	14.4%
65 to 74	10.1%	13.4%
75 and over	8.9%	11.6%

Race & ethnicity (share)

	Minnesota Lake	Wells
White (non-Hispanic)	96.1%	89.3%
Black or African American	0.0%	1.1%
American Indian & Alaska Native	0.0%	0.6%
Asian	0.0%	0.8%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	2.4%	2.7%
Hispanic or Latino	1.4%	5.7%

Educational attainment (age 25+)

Share of adults 25+

	Minnesota Lake	Wells
No high school diploma	7.8%	10.3%
High school graduate	29.1%	33.4%
Some college or associate's	44.3%	36.5%
Bachelor's degree	15.2%	14.2%
Graduate or professional degree	3.5%	5.7%

Commute to work

How workers get to work (share)

	Minnesota Lake	Wells
Drove alone	85.3%	82.7%
Carpooled	7.3%	4.2%
Public transit	0.0%	0.0%
Walked	1.9%	6.4%
Bicycle	0.0%	0.0%
Worked from home	5.4%	6.7%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	Minnesota Lake	Wells
1-unit, detached	91.0%	84.3%
1-unit, attached	1.6%	0.8%
2 to 4 units	6.4%	7.8%
5 to 19 units	1.0%	4.4%
20 or more units	0.0%	2.7%
Mobile home & other	0.0%	0.0%

Poverty & households

	Minnesota Lake	Wells
Poverty rate	12.1%	11.1%
Average household size	2.08	2.05
Mean commute (minutes)	34	19
Median year structure built	1962	1953