Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.7 yrs |
|---|---|
| Avg HH Size | 2.33 |
| Below Poverty | 7.1% ▼ 29% below avg |
| College Grads | 56.2% ▲ 45% above avg |
| Unemployment | 2.4% ▼ 51% below avg |
| No HS Diploma | 3 (0.1%) |
| HS Graduate | 481 (19.2%) |
| Some College | 226 (9%) |
| Associates | 386 (15.4%) |
| Bachelors | 273 (10.9%) |
| Graduate Degree | 1,134 (45.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $101,754 ▲ 33% above avg |
|---|---|
| Median Home Value | $360,600 ▲ 29% above avg |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $1,617/mo |
| Total Housing Units | 1,589 |
| Vacant Units | 99 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lakeland is a city in Minnesota, located in Washington County. The city spans 1 ZIP code and is home to approximately 3,471 residents. It is a mature city, with a median age of 50.7 years.
Economically, Lakeland is a upper-middle-income community. The median household income of $101,754 is above the national average. Approximately 7.1% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Lakeland is a mid-range housing market. Median home values stand at $360,600, which is above the national average. Renters typically pay around $1,617 per month. Homeownership is high at 89.7%, typical of suburban and family-oriented communities.
The population of Lakeland is well-educated. 56.2% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (91.24%).
Lakeland, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55043 | 3,471 | $101,754 | $360,600 | $1,617 | 2.4% | 56.2% | 89.7% |