All Countries
Lakefield, MN
Full City Profile · Minnesota · Jackson County County
3.5
/5.0
B+
Good
1,652
Population
1,233/sq mi density
$62,656
Median Income
$31,865 per capita
$115,900
Home Value
$199,622 Zillow
$867
Median Rent
19.4% income on rent
44°F
Avg Temperature
260 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$62,656 median income, 0.3% unemployment
A+
Affordability
5.0 / 5.0
$115,900 home value, $867/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.4 / 5.0
17.1% bachelor's degree or higher
Income Overview
Median Household Income
$62,656
17% below
US avg: $75,149
Per Capita Income
$31,865
18% below
US avg: $39,052
Unemployment Rate
0.3%
92% below
US avg: 3.6%
Poverty Rate
1.7%
86% below
US avg: 12.4%
Income Comparison: Lakefield vs. U.S. Average
Each bar shows Lakefield’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$62,656
83%
Per Capita
US: $39,052
$31,865
82%
IRS Avg AGI
US: $72,000
$72,550
101%
Avg Weekly Wage
US: $1,432
$998
70%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$998
30% below US avg ($1,432)
Mean Commute Time
17 min
39% below US avg (28 min)
Work From Home
10.4%
32% below US avg (15.2%)
Drive Alone
73.0%
0% below US avg (73.2%)
Public Transit
1.3%
73% below US avg (5.0%)
County GDP
$881M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
73%
Public Transit
1.3%
Work From Home
10.4%
Other
15.3%
Average commute time
17 minutes
US avg: 28 min
Business Landscape
Total Establishments
366
Restaurants
22
Healthcare
27
Retail
40
Manufacturing
13
Tax & Financial
IRS Avg Adjusted Gross Income
$72,550
1% above US avg ($72,000)
Avg Property Tax
$2,615
25% below US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $62,656 |
| Per Capita Income | $31,865 |
| IRS Avg Adjusted Gross Income | $72,550 |
| Avg Weekly Wage | $998 |
| County GDP | $881M |
Hardship Indicators
| Unemployment Rate | 0.3% |
| Poverty Rate | 1.7% |
| Gini Coefficient | 0.416 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 17 minutes |
| Drive Alone | 73.0% |
| Public Transit | 1.3% |
| Work From Home | 10.4% |
Businesses
| Total Establishments | 366 |
| Restaurants | 22 |
| Healthcare | 27 |
| Retail | 40 |
| Manufacturing | 13 |
Tax
| IRS Avg AGI | $72,550 |
| Avg Property Tax | $2,615 |