Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.9 yrs |
|---|---|
| Avg HH Size | 2.20 |
| Below Poverty | 9.6% ≈ Avg |
| College Grads | 39.0% ≈ Avg |
| Unemployment | 3.6% ▼ 27% below avg |
| No HS Diploma | 1 (0.1%) |
| HS Graduate | 181 (26.5%) |
| Some College | 79 (11.5%) |
| Associates | 156 (22.8%) |
| Bachelors | 102 (14.9%) |
| Graduate Degree | 165 (24.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $68,988 ▼ 10% below avg |
|---|---|
| Median Home Value | $160,400 ▼ 42% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $956/mo |
| Total Housing Units | 481 |
| Vacant Units | 40 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Minnesota Lake is a city in Minnesota, located in Faribault County. The city spans 1 ZIP code and is home to approximately 971 residents. It is a mature city, with a median age of 45.9 years.
Economically, Minnesota Lake is a solidly middle-class community. The median household income of $68,988 is near the national average. Approximately 9.6% of residents live below the poverty line. The unemployment rate is 3.6%, below the national average.
The real estate market in Minnesota Lake is an affordable housing market. Median home values stand at $160,400, which is below the national average. Renters typically pay around $956 per month. Homeownership is high at 76.4%, typical of suburban and family-oriented communities.
The population of Minnesota Lake is moderately educated. 39.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (95.88%).
Minnesota Lake, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56068 | 971 | $68,988 | $160,400 | $956 | 3.6% | 39.0% | 76.4% |