Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.8 yrs |
|---|---|
| Avg HH Size | 2.52 |
| Below Poverty | 5.0% ▼ 50% below avg |
| College Grads | 53.1% ▲ 37% above avg |
| Unemployment | 4.2% ▼ 15% below avg |
| No HS Diploma | 15 (0.7%) |
| HS Graduate | 471 (22.6%) |
| Some College | 239 (11.5%) |
| Associates | 252 (12.1%) |
| Bachelors | 303 (14.5%) |
| Graduate Degree | 803 (38.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $100,156 ▲ 31% above avg |
|---|---|
| Median Home Value | $396,000 ▲ 42% above avg |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $848/mo |
| Total Housing Units | 1,627 |
| Vacant Units | 415 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Madison Lake is a city in Minnesota, located in Blue Earth County. The city spans 1 ZIP code and is home to approximately 3,059 residents. It is a middle-aged city, with a median age of 43.8 years.
Economically, Madison Lake is a upper-middle-income community. The median household income of $100,156 is above the national average. Approximately 5.0% of residents live below the poverty line. The unemployment rate is 4.2%, near the national average.
The real estate market in Madison Lake is a mid-range housing market. Median home values stand at $396,000, which is above the national average. Renters typically pay around $848 per month. Homeownership is high at 82.0%, typical of suburban and family-oriented communities.
The population of Madison Lake is well-educated. 53.1% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (92.55%).
Madison Lake, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56063 | 3,059 | $100,156 | $396,000 | $848 | 4.2% | 53.1% | 82.0% |