Lake Benton, MN
Full City Profile · Minnesota · Lincoln County County
Lake Benton, MN
At a Glance
How Lake Benton Compares to the U.S. Average
Each bar shows Lake Benton's value as a percentage of the national average (100% = U.S. avg)
Is Lake Benton a Good Place to Live?
Economy & Jobs
Lake Benton residents earn a median household income of $52,000 , which is 31% below the national average of $75,149. Per capita income is $31,527. The unemployment rate stands at 3.3% (8% below the U.S. rate of 3.6%). 3.7% of residents live below the poverty line. The area is home to 226 business establishments, including 10 restaurants.
Housing & Cost of Living
The median home value in Lake Benton is $91,900 , 67% below the national median of $281,900. Zillow estimates the typical home at $202,971. Median rent is $550/month, with 35.9% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1965.
Education
21.7% of adults in Lake Benton hold a bachelor's degree or higher (36% below the national average). 94.7% have completed high school. Local schools score 6.4/10 in standardized testing.
Climate & Weather
Lake Benton has an average annual temperature of 44°F (7°C). Winters average 14°F in January while summers reach 72°F in July. Annual precipitation totals 29.9 inches.