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Lakefield, MN
Full City Profile · Minnesota · Jackson County County
Lakefield, MN
At a Glance
How Lakefield Compares to the U.S. Average
Each bar shows Lakefield's value as a percentage of the national average (100% = U.S. avg)
Is Lakefield a Good Place to Live?
Economy & Jobs
Lakefield residents earn a median household income of $62,656 , which is 17% below the national average of $75,149. Per capita income is $31,865. The unemployment rate stands at 0.3% (92% below the U.S. rate of 3.6%). 1.7% of residents live below the poverty line. The area is home to 366 business establishments, including 22 restaurants.
Housing & Cost of Living
The median home value in Lakefield is $115,900 , 59% below the national median of $281,900. Zillow estimates the typical home at $199,622. Median rent is $867/month, with 19.4% 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 1955.
Safety & Crime
Lakefield reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 833/100K. The murder rate is 0.0/100K.
Education
17.1% of adults in Lakefield hold a bachelor's degree or higher (49% below the national average). 90.9% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Lakefield has an average annual temperature of 44°F (7°C). Winters average 13°F in January while summers reach 71°F in July. The area gets 260 sunny days per year. Annual precipitation totals 30.5 inches. Air quality is rated Good with a median AQI of 36.