Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.2 yrs |
|---|---|
| Avg HH Size | 2.22 |
| Below Poverty | 10.2% ≈ Avg |
| College Grads | 47.6% ▲ 23% above avg |
| Unemployment | 2.9% ▼ 41% below avg |
| No HS Diploma | 5 (0.6%) |
| HS Graduate | 222 (27.5%) |
| Some College | 80 (9.9%) |
| Associates | 116 (14.4%) |
| Bachelors | 184 (22.8%) |
| Graduate Degree | 200 (24.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,389 ▼ 20% below avg |
|---|---|
| Median Home Value | $150,800 ▼ 46% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $681/mo |
| Total Housing Units | 734 |
| Vacant Units | 190 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake Benton is a city in Minnesota, located in Lincoln County. The city spans 1 ZIP code and is home to approximately 1,205 residents. It is a middle-aged city, with a median age of 44.2 years.
Economically, Lake Benton is a solidly middle-class community. The median household income of $61,389 is below the national average. Approximately 10.2% of residents live below the poverty line. The unemployment rate is 2.9%, below the national average.
The real estate market in Lake Benton is an affordable housing market. Median home values stand at $150,800, which is below the national average. Renters typically pay around $681 per month. Homeownership is high at 80.2%, typical of suburban and family-oriented communities.
The population of Lake Benton is well-educated. 47.6% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (91.78%).
Lake Benton, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56149 | 1,205 | $61,389 | $150,800 | $681 | 2.9% | 47.6% | 80.2% |