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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
Top Industries in Lakefield (10)
County-level employment data (BLS QCEW). Sorted by employment.
Manufacturing
1,549 jobs
17 firms
$70,442/yr
Wholesale Trade
252 jobs
22 firms
$71,658/yr
Accommodation & Food Services
250 jobs
22 firms
$13,870/yr
Agriculture & Forestry
224 jobs
25 firms
$56,389/yr
Retail Trade
220 jobs
34 firms
$29,871/yr
Construction
110 jobs
42 firms
$53,363/yr
Professional & Technical Services
88 jobs
16 firms
$72,406/yr
Other Services
74 jobs
32 firms
$26,748/yr
Information & Technology
33 jobs
6 firms
$41,384/yr
Arts & Entertainment
15 jobs
7 firms
$14,760/yr
Industry Specialization (Location Quotient)
LQ > 1.0 means the industry is more concentrated here than the national average.
Agriculture & Forestry
5.51
Manufacturing
3.76
Wholesale Trade
1.27
Accommodation & Food Services
0.55
Other Services
0.49
Retail Trade
0.44
Construction
0.42
Information & Technology
0.35
Professional & Technical Services
0.25
Arts & Entertainment
0.18
Thin line = national average (1.0)
Complete Industry Data
| Industry | Employment | Establishments | Avg Weekly Wage | Avg Annual Pay | LQ |
|---|---|---|---|---|---|
| Manufacturing | 1,549 | 17 | $1,355 | $70,442 | 3.76 |
| Wholesale Trade | 252 | 22 | $1,378 | $71,658 | 1.27 |
| Accommodation & Food Services | 250 | 22 | $267 | $13,870 | 0.55 |
| Agriculture & Forestry | 224 | 25 | $1,084 | $56,389 | 5.51 |
| Retail Trade | 220 | 34 | $574 | $29,871 | 0.44 |
| Construction | 110 | 42 | $1,026 | $53,363 | 0.42 |
| Professional & Technical Services | 88 | 16 | $1,392 | $72,406 | 0.25 |
| Other Services | 74 | 32 | $514 | $26,748 | 0.49 |
| Information & Technology | 33 | 6 | $796 | $41,384 | 0.35 |
| Arts & Entertainment | 15 | 7 | $284 | $14,760 | 0.18 |