Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.2 yrs |
|---|---|
| Avg HH Size | 2.35 |
| Below Poverty | 7.5% ▼ 25% below avg |
| College Grads | 36.8% ≈ Avg |
| Unemployment | 1.6% ▼ 67% below avg |
| No HS Diploma | 9 (0.5%) |
| HS Graduate | 688 (36.8%) |
| Some College | 225 (12%) |
| Associates | 259 (13.9%) |
| Bachelors | 331 (17.7%) |
| Graduate Degree | 358 (19.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $69,224 ▼ 9% below avg |
|---|---|
| Median Home Value | $128,500 ▼ 54% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $917/mo |
| Total Housing Units | 1,335 |
| Vacant Units | 133 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lakefield is a city in Minnesota, located in Jackson County. The city spans 1 ZIP code and is home to approximately 2,863 residents. It is a middle-aged city, with a median age of 44.2 years.
Economically, Lakefield is a solidly middle-class community. The median household income of $69,224 is near the national average. Approximately 7.5% of residents live below the poverty line. The unemployment rate is 1.6%, well below the national average.
The real estate market in Lakefield is one of the more affordable housing markets in the country. Median home values stand at $128,500, which is well below the national average. Renters typically pay around $917 per month. Homeownership is high at 87.4%, typical of suburban and family-oriented communities.
The population of Lakefield is moderately educated. 36.8% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (93.15%).
Lakefield, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56150 | 2,863 | $69,224 | $128,500 | $917 | 1.6% | 36.8% | 87.4% |