Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.8 yrs |
|---|---|
| Avg HH Size | 2.43 |
| Below Poverty | 4.8% ▼ 52% below avg |
| College Grads | 50.1% ▲ 29% above avg |
| Unemployment | 1.5% ▼ 70% below avg |
| HS Graduate | 464 (24.8%) |
| Some College | 202 (10.8%) |
| Associates | 267 (14.3%) |
| Bachelors | 246 (13.2%) |
| Graduate Degree | 690 (36.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $91,379 ▲ 20% above avg |
|---|---|
| Median Home Value | $306,200 ▲ 10% above avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $795/mo |
| Total Housing Units | 1,792 |
| Vacant Units | 700 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake Park is a city in Minnesota, located in Becker County. The city spans 1 ZIP code and is home to approximately 2,687 residents. It is a mature city, with a median age of 48.8 years.
Economically, Lake Park is a middle-income community. The median household income of $91,379 is above the national average. Approximately 4.8% of residents live below the poverty line. The unemployment rate is 1.5%, well below the national average.
The real estate market in Lake Park is a mid-range housing market. Median home values stand at $306,200, which is near the national average. Renters typically pay around $795 per month. Homeownership is high at 92.2%, typical of suburban and family-oriented communities.
The population of Lake Park is well-educated. 50.1% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (90.66%).
Lake Park, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56554 | 2,687 | $91,379 | $306,200 | $795 | 1.5% | 50.1% | 92.2% |