Medicine Lake, MN

Full City Profile · Minnesota · Carver County County

4.4 /5.0
A Great
541 Population 3,182/sq mi density
$161,250 Median Income $105,496 per capita
$1,014,500 Home Value $1,155,456 Zillow
$1,025 Median Rent 24.4% income on rent
46°F Avg Temperature
A
Overall
4.4 / 5.0
Strong
A+
Economy
5.0 / 5.0
$161,250 median income, 0.0% unemployment
B
Affordability
3.1 / 5.0
$1,014,500 home value, $1,025/mo rent
A+
Education
5.0 / 5.0
71.0% bachelor's degree or higher

Medicine Lake, MN

At a Glance

Median Income
$161,250
115% above
$105,496 per capita
Home Value
$1,014,500
260% above
Zillow: $1,155,456
Median Rent
$1,025/mo
12% below
24.4% of income on rent
Bachelor's Degree+
71.0%
111% above
99.7% high school+
Unemployment
0.0%
100% below
1.4% poverty rate
Obesity Rate
24.9%
22% below
9.7% smoking rate
Avg Temperature
46°F

How Medicine Lake Compares to the U.S. Average

Each bar shows Medicine Lake's value as a percentage of the national average (100% = U.S. avg)

Income
215%
Home Value
360%
Rent
88%
Poverty
11%
Bachelor's
211%
Unemployment
0%
Thin vertical line = U.S. national average (100%)

Is Medicine Lake a Good Place to Live?

A
4.4 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Medicine Lake residents earn a median household income of $161,250 , which is 115% above the national average of $75,149. Per capita income is $105,496. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 1.4% of residents live below the poverty line. The area is home to 2,874 business establishments, including 188 restaurants.

Housing & Cost of Living

The median home value in Medicine Lake is $1,014,500 , 260% above the national median of $281,900. Zillow estimates the typical home at $1,155,456. Median rent is $1,025/month, with 24.4% 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 1966.

Education

71.0% of adults in Medicine Lake hold a bachelor's degree or higher (111% above the national average). 99.7% have completed high school. Local schools score 7.2/10 in standardized testing.

Climate & Weather

Medicine Lake has an average annual temperature of 46°F (8°C). Winters average 16°F in January while summers reach 73°F in July. Annual precipitation totals 30.7 inches.

Data Overview

People

Population541
Median Age44.9 yrs
Density3,182/mi²
Male / Female53% / 47%
Foreign Born6.5%
Veterans2.1%

Economy

A+
Median Income$161,250
Per Capita$105,496
Unemployment0.0%
Poverty1.4%
County GDP$7,614M
Avg Weekly Wage$1,297

Housing

B
Home Value$1,014,500
Rent$1,025
Ownership84.2%
Zillow$1,155,456
Housing Units196
Rent Burden24.4%

Health

Obesity24.9%
Diabetes6.0%
Smoking9.7%
Heart Disease4.3%
Premature Death3,990/100K

Climate

Avg Temp46°F
Rain30.7 in/yr
Elevation889 ft

Education

A+
Bachelor's+71.0%
High School+99.7%
Graduate+32.7%
School Score7.2/10

Community

2024 VoteR 52% / D 46%
Commute17 min
Broadband97.2%
Internet Speed126 Mbps
EV Stations1
Libraries7

Did You Know?

Medicine Lake was founded in 1887.
The median home in Medicine Lake was built in 1966.
19.0% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (12 miles).
The Gini coefficient (income inequality) is 0.415 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
5.2% of the population has a disability.
Average internet download speed is 126 Mbps.
There are 188 restaurants in the area.
The county recorded 9 fatal vehicle crashes.