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Lake Park, MN
Full City Profile · Minnesota · Clay County County
Lake Park, MN
At a Glance
How Lake Park Compares to the U.S. Average
Each bar shows Lake Park's value as a percentage of the national average (100% = U.S. avg)
Is Lake Park a Good Place to Live?
Economy & Jobs
Lake Park residents earn a median household income of $63,250 , which is 16% below the national average of $75,149. Per capita income is $34,935. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 10.4% of residents live below the poverty line. The area is home to 1,520 business establishments, including 100 restaurants.
Housing & Cost of Living
The median home value in Lake Park is $160,900 , 43% below the national median of $281,900. Zillow estimates the typical home at $396,644. Median rent is $717/month, with 26.7% 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 1962.
Safety & Crime
Lake Park reports 123 violent crimes per 100,000 residents , which is 68% below the national average of 380/100K. Property crime is 3,709/100K.
Education
25.8% of adults in Lake Park hold a bachelor's degree or higher (23% below the national average). 95.9% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
Lake Park has an average annual temperature of 40°F (5°C). Winters average 7°F in January while summers reach 68°F in July. The area gets 276 sunny days per year. Annual precipitation totals 29.5 inches. Air quality is rated Good with a median AQI of 36.