Minnesota Lake

Population: 621
Median household income: $62,875
Median home value: $126,600

Located in Faribault County, Minnesota, Minnesota Lake is a community with a population of 621. At $62,875, its median household income sits in line with Faribault County's $64,391.

Between 2019 and 2023, Minnesota Lake's population declined 3.3% from 642 to 621, while its median home value rose 20.6% from $105,000 to $126,600.

The largest age group is 55 to 64, 16.4% of residents. White (non-Hispanic) residents are the largest group, 96.1% of the population.

Demographics

ACS 2019–2023

Population: 621
Median age: 45.5 yrs
Median household income: $62,875
Median home value: $126,600
Median gross rent: $950
Housing units: 312
Homeownership rate: 75.9%
Bachelor's degree or higher: 18.7%
Unemployment rate: 3.9%

Trends

ACS 5-year · 2019–2023

Population

642621

Median household income

$56,875$62,875

Median home value

$105,000$126,600

Median gross rent

$608$950

Year	Population	Median household income	Median home value	Median gross rent
2019	642	$56,875	$105,000	$608
2020	575	$53,750	$109,700	$605
2021	600	$59,861	$110,900	$689
2022	608	$65,938	$127,300	$825
2023	621	$62,875	$126,600	$950

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.2%

5 to 1713.5%

18 to 248.2%

25 to 3412.1%

35 to 4411.3%

45 to 5415.3%

55 to 6416.4%

65 to 7410.1%

75 and over8.9%

	Count	Share
Under 5	26	4.2%
5 to 17	84	13.5%
18 to 24	51	8.2%
25 to 34	75	12.1%
35 to 44	70	11.3%
45 to 54	95	15.3%
55 to 64	102	16.4%
65 to 74	63	10.1%
75 and over	55	8.9%

Race & ethnicity

	Count	Share
White (non-Hispanic)	597	96.1%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	15	2.4%
Hispanic or Latino (any race)	9	1.4%

Educational attainment (age 25+)

No high school diploma7.8%

High school graduate29.1%

Some college or associate's44.3%

Bachelor's degree15.2%

Graduate or professional degree3.5%

	Count	Share
No high school diploma	36	7.8%
High school graduate	134	29.1%
Some college or associate's	204	44.3%
Bachelor's degree	70	15.2%
Graduate or professional degree	16	3.5%

Commute to work

Mean travel time to work: 34 min

Drove alone85.3%

Carpooled7.3%

Public transit0.0%

Walked1.9%

Bicycle0.0%

Worked from home5.4%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	267	85.3%
Carpooled	23	7.3%
Public transit	0	0.0%
Walked	6	1.9%
Bicycle	0	0.0%
Worked from home	17	5.4%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	74	25.0%
15 to 29 min	43	14.5%
30 to 44 min	138	46.6%
45 to 59 min	20	6.8%
60+ min	21	7.1%

Households

Average household size: 2.08
Poverty rate: 12.1% (75 of 621)

	Count	Share
Family households	183	61.2%
Nonfamily households	116	38.8%

Housing

Median year structure built: 1962

Occupancy

	Count	Share
Occupied	299	95.8%
Vacant	13	4.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	227	75.9%
Renter-occupied	72	24.1%

1-unit, detached91.0%

1-unit, attached1.6%

2 to 4 units6.4%

5 to 19 units1.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	284	91.0%
1-unit, attached	5	1.6%
2 to 4 units	20	6.4%
5 to 19 units	3	1.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 2743198
Type (LSAD): 25
Land area: 1.62 sq mi
Water area: 0.51 sq mi
Center point: 43.8419, -93.8290